The Competition and Consumer Protection Act 2014 (the “2014 Act”) came into effect on 31 October 2014. The Act establishes a new body called the Competition and Consumer Protection Commission (the “CCPC”), which replaces the former Competition Authority (the “Authority”) and National Consumer Agency.
The 2014 Act gives the CCPC powers to investigate and enforce suspected infringements of competition law. These powers largely mirror the investigative powers that the Authority previously had under the Competition Act 2002 as amended (the “2002 Act”). However, the 2014 Act also grants some additional powers to the CCPC, which are described in further detail below.