the Competition and Markets Authority
/ðə ˌkɒmpətɪʃn ən ˈmɑːkɪts ɔːθɒrəti/
/ðə ˌkɑːmpətɪʃn ən ˈmɑːrkɪts əθɔːrəti/
(abbreviation CMA)
- an independent organization set up by the British government in 2014, taking over most of the work of the Competition Commission and the Office of Fair Trading. Its job is to prevent unfair trading when single companies have such a large share of the supply of particular goods or services in Britain that there is little or no competition. The organization investigates cases in which one company takes over another or when companies join together. It then takes any action it considers necessary.