The Competition and Markets Authority (CMA) has updated its guidance on competition law. The update was written in conjunction with the Institute of Risk Management.

It provides a basic overview of competition law, explains why compliance is good for business and the sanctions for non-compliance. It also sets out how a business can adopt a risk-based approach to compliance and the steps to take if competition rules have been breached.

Separately, the CMA also published a short summary guide providing advice for company directors on avoiding disqualification for a company breach of competition law.

Details can be found here and here.

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