Correspondence

Pricing Practices Guide: CMA’s response to TSI’s call for evidence

The Competition and Markets Authority’s response to The Trading Standards Institute’s call for evidence.

• From: Competition and Markets Authority
• Published: 15 May 2014

Documents

CMA's letter to Leon Livermore

PDF, 278 KB, 3 pages

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CMA’s response to TSI’s call for evidence

PDF, 503 KB, 27 pages

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Details

The CMA’s response focuses on four main areas where review of the Pricing Practices Guide (PPG) would, in our view, be most likely to improve its effectiveness. We ask whether the current PPG:

• properly encourages self-assessment and risk awareness by traders
• puts sufficient focus on the consumer and the consumer’s expectations
• adopts an approach to disclaimers and explanatory text that is in line with the substantive requirements of the CPRs
• does enough to protect against selective interpretation of the guidance by some traders

In April 2013, lead responsibility for business education and advice was transferred to the Trading Standards Institute (TSI).

The TSI’s new responsibility includes the Pricing Practices Guide (PPG), which sets out guidance for retailers on how to lawfully display and advertise prices and price promotions.

Published 15 May 2014