Self-regulatory initiatives aim either to achieve compliance with consumer law or to go beyond what the law requires.
Self-regulation is usually achieved through a set of rules (such as a code of practice), through voluntary standards, or through accreditation. It may also include arrangements for the provision of industry guidance material and for action to address particular compliance problems.
The OFT believes in avoiding unnecessary regulatory burden. We acknowledge the benefits of businesses seeking to regulate themselves to deliver high standards for consumers.
Find more information about self regulation.
Read the OFT policy statement on self regulation (pdf 200kb)
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