Scotland has a well-developed system of competition law, derived primarily from previous membership of the European Union and post the UK’s exit from the European Union, principally under the Competition Act 1998.
The system, which is enforced by the Competition and Markets Authority (CMA), addresses two main areas of concern:
- The control of anti-competitive agreements between competitors (Chapter I prohibition of the Competition Act 1998)
- The prohibition of the abuse of a dominant position the (Chapter II prohibition of the Competition Act 1998)