Tuesday, April 23, 2024

FTC talking tough


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The Fair Trading Commission (FTC) has put Barbados’ companies and service providers on notice.

These entities are being warned that they could face civil and criminal court action as the FTC intensifies efforts to protect consumers and ensure there is fair competition.

While the Fair Competition Act and Consumer Protection Act legislate the type of measures the regulator can take, effective August 1 it will also be implementing a new Enforcement Policy For Fair Competition And Consumer Protection Matters.

The FTC said this is intended “to discourage non-compliance with the legislation and deter companies/service providers from reoffending in circumstances where breaches have already occurred [and provide] clarity on the commission’s power to investigate and pursue enforcement action in response to breaches of the legislation it administers”. (SC)

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