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Act on competition and consumer protection Once we start running a business, we must bear in mind that many of our activities will have to be consistent with applicable regulations. It is a well-known principle that ignorance of the regulations will not protect us from possible consequences. The Act on Competition and Consumer Protection is very important because it contains the most important regulations on the principles of operation in business transactions.
It is intended to protect the rights of consumers and entrepreneurs, in particular: counteract competition-restricting philippines photo editor practices, protect against the use of prohibited clauses in contracts, protect against imposition of unfair prices, protect consumers against unreliable information about goods or services. The control body is the Office of Competition and Consumer Protection UOKiK , which receives and analyzes signals from the market and supervises the behavior of entrepreneurs.
The office has a wide range of powers and can sometimes impose very high financial penalties. The Act is amended cyclically, in today's publication we will refer to the latest change. Amendment to the Act on Competition and Consumer Protection The last change in the regulations came into force on May , . The amendment was dictated by the need to implement EU regulations into national regulations. The main goal of the changes introduced is to increase the effectiveness of enforcement of EU competition rules on the internal markets of all EU countries.
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