The OFT is consulting on a proposed revision to its guidance on how it conducts market studies. Market studies are examinations into markets which may not be working well for consumers and they consider if there are problems that are causing detriment to consumers and, if there are, how those problems might be addressed. The proposed changes to the OFT's 2004 guidance explain that the OFT's prioritisation principles apply when making the decision to select a market for study, make clear the OFT's commitment to transparency and engagement with stakeholders affected by the studies and explain how the OFT evaluates market studies.
The consultation is open until 4 August 2009 and gives stakeholders the opportunity to provide views and comments on the revised guidance.
The Market Studies Guidance document is available by clicking here.