The CMA has published a map of warning and advisory letters sent to businesses between 2018 and 2023. The numbers show that the CMA does use warning letters as an important enforcement mechanism to deter individual companies from breaching competition law or to tackle potential breaches that may appear endemic within an industry. Ignoring warning letters can increase any fine if the CMA wishes to investigate.
If the CMA investigates and decides that you have broken competition law, the consequences can be serious and far-reaching:
- Businesses can be fined up to 10% of their annual turnover.
- Company directors can be disqualified from managing a company for up to 15 years.
- People involved in cartels can face up to 5 years in prison.
What should you do if you receive a warning letter?
Read the link and get in touch.
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