This follows the CCâ€™s provisional decision which was made at the end of last year. The decision to lift the Order will be effective from today.
The Order, which was introduced in 1998, prevented suppliers of goods such as televisions and washing machines from recommending resale prices or making agreements that restrict the resale prices of wholesalers and retailers, and from restricting or withholding supply from particular retailers.
In its final decision today, the CC has decided that a number of changes since the Order was introduced have significantly increased competition in the market and removed the need for the safeguards provided by the Order. The CC also considers that the Competition Act 1998 now provides an effective mechanism to address attempts to fix prices or restrict supply unfairly.
Story provided by StockMarketWire.com