December 2018, and subsequently signed into law by President Muhammadu Buhari in January 2019. 3) Act 2020: An Act relating to competition, fair trading and consumer protection, and for other purposes 25, Laws of The Federation 2004) as well as Sections 118-128 of the Investment & Securities Act 2007.1 The FCCP Act seeks to develop and promote fair, efficient and competitive markets in the Nigerian This piece examines the new Act and discusses key provisions / implications in the Act that are relevant to merger transactions in Nigeria. The legislation deals with a number of consumer and competition related issues. FCCPC is the apex consumer protection agency in Nigeria established to improve the well-being of the people. Act No. Key takeouts ACCC is responsible for administering and enforcing the Australian Competition and Consumer Act (CCA) (formerly known as the Trade Practices Act). Such practices have been recognised in the Consumer Protection Act, 1986, and any person found in contravention of such provisions is penalised. THE COMPETITION AND CONSUMER PROTECTION ACT, 2010 A RRANGEMENT OF S ECTIONS PART I P RELIMINARY 1. Objectives of competition and consumer protection in Namibia 6. Establishment of the Federal Competition and Consumer Protection Tribunal. Online platforms have increasingly become critical extensions of brand experience, as well as supplementary sales channels or marketplaces. The Act also sets out consumers' rights and responsibilities. Continuation and re-naming of Zambia Competition Commission 5. The competition provisions of the CC Act deal with anti‑competitive conduct. Motivating the need for consumer protection in Namibia 5. Click here to read the full article online. Continuing from Part I of our two-part blog series on platforms, here in Part II we shine some light on common issues in the areas of trade and product compliance, competition law and consumer protection.. Trade and Product Compliance. Supremacy of the Federal Competition and Consumer Protection Act. Why competition and consumer protection matter. Federal Competition and Consumer Protection Act 2018.pdf - Google Drive. It covers anti-competitive conduct, price fixing, unconscionable conduct and other issues, such as advertising. Notwithstanding the provisions of any other law but subject to the provisions of the constitution of the Federal Republic of Nigeria, in all matters relating to competition and consumer protection, the provisions of this Act shall override the provisions of any other law. The Federal Competition and Consumer Protection Act was enacted by the National Assembly in . This Act establishes the Federal Competition and Consumer Protection Commission and the Competition and Consumer Protection Tribunal for the promotion of competition in the Nigerian markets at all levels by eliminating monopolies, prohibiting abuse of a dominant market position and penalising other restrictive trade and business practices. Functions of Commission 6. A Critique of The Nigerian Federal Competition and Consumer Protection Act (Fccpa) 2019. • Outreach activities to educate the public at large about the benefits of competition, for example, consumer awareness seminars, outreach newsletters etc • To cooperate with other national, regional and international competition Authorities. Competition Act: Regulations and directions: Consumer and customer protection during Coronavirus COVID-19 lockdown Enyinnaya Uwadi, LLM Candidate in International Commercial Law with Competition Law and Regulation. The role of competition and consumer protection in economic development 4. CCCS is a statutory board under the Ministry of Trade and Industry. 50B); [Act 10 of 2018 wef 01/04/2018] “consumer” means an individual who, otherwise than exclusively in the course of business — EXPLANATORY MEMORANDUM. Its primary responsibility is to ensure that individuals and businesses comply with the Commonwealth competition, fair trading and consumer protection … The Federal Competition and Consumer Protection Act is a welcome development and a step in the right direction for putting in place an effective anti-trust legal regime for the country. These Rules are made for purposes of the Competition and Consumer Protection Tribunal established under section 67 of the Act. It is also the administering agency of the Consumer Protection (Fair Trading) Act. This Act is poised to introduce ground breaking changes into the Nigerian regulatory regime and the highlights include: 1. This article is written by Shreyak Patnaik, a third-year student pursuing B.A LL.B from Symbiosis Law School, Hyderabad.This article deal with the Consumer Protection Act, 2019, the changes the act has gone through, the relevant authorities and important cases to keep in mind. Proposed extension of coverage on consumer protection in Namibia 7. The Competition and Consumer Protection Act will introduce significant new investigation and enforcement powers for the CCPC to ensure fairness between suppliers and retailers in the grocery goods sector. The Competition and Consumer Protection Commission (CCPC) would like to advise some schools in the country to desist from imposing the purchase of identical face masks on pupils at the school as the practice is unfair and goes against the Competition and Consumer Protection Act (CCPA) No.24 of 2010. The Act aims at promoting a competitive market and protecting consumer rights in Nigeria. ... 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