Channel Eye
Skipton
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Workplace Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Education
    • Food & Drink
    • Health
    • Home
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
No Result
View All Result
Channel Eye
No Result
View All Result
Skipton
Home Business

Jersey’s Competition Authority plans market studies as part of work plan

June 9, 2021
in Business, Jersey
Peter Hetherington
Share on LinkedInTwitterFacebookEmail

The Jersey Competition Regulatory Authority (JCRA) has announced it will conduct a series of market studies as part of its annual work programme.

A market study is a flexible tool to explore whether a market is working well for Jersey consumers. It considers the relationship between consumer behaviour in a market, the behaviour of firms in that market, and the market’s structure. By looking at these relationships, the JCRA can determine whether action that will encourage changes to consumer behaviour, business behaviour, or both, will help address any market problems found.

The outcomes of a market study may be one or more of the following:

  • A clean bill of health for the market;
  • Consumer/business focused action;
  • Non-binding recommendations to Government; and/or
  • Investigation and enforcement action.

Consistent with the JCRA’s prioritisation principles, the focus is on markets where there is the potential to have the greatest impact for Jersey consumers.

For each market study the JCRA will publish terms of reference setting out the scope of the study and proposed timeframe, and is likely to work with sector-specific experts. The JCRA is also likely to issue a call for information from interested parties.

Before issuing its final report on the market study outcome, the JCRA may release an interim report and findings to seek views. Any recommendations in the final report will be non-binding on Government, but may include recommended measures to improve the performance of markets, such as changes to regulation, policy or the conduct of market participants.

Senior Economic Case Officer Peter Hetherington (shown in the main picture) says: “Market studies are a valuable means of building a helicopter view of how a market is performing: It is commonplace in other jurisdictions for competition regulators to take a closer look at sectors of the economy that have a significant impact on the wellbeing of consumers and citizens generally.”

“In many instances nothing untoward will be discovered, but where changes or improvements in the way a market is operating can be made, then the results of a market study can help inform policy and strategy, and in some cases the JCRA can take direct action to intervene.”

The JCRA has undertaken a number of market studies in the past including the freight market, fuel market, groceries market and motor trade market. These can be viewed on the JCRA’s website . It’s expected that the first market study will be confirmed in June 2021.

Tags: JCRA
ShareTweetShareSend
Tim Bullock

Tim Bullock

Related Posts

New order to cut red tape for Jersey businesses
Digital & Technology

Competition Regulator launches consultation on proposed acquisition of Airtel by Sure

May 23, 2023
New order to cut red tape for Jersey businesses
Appointments

Competition Regulator makes senior appointments

May 15, 2023
School uniform
Education

Competition Regulator makes recommendations to improve market for school uniforms

April 27, 2023
Next Post
Nurture Zone

Les Voies launches their 'Nurture Zone'

Vega Technology
Caring Cooks

Subscribe to our newsletter

Get the latest, no-nonsense, essential news and information direct to your inbox.
  • Home
  • Business
  • Lifestyle
  • Events
  • Directory
  • Privacy Policy
  • Advertise
  • Subscribe

© 2023 Channel Eye Limited

No Result
View All Result
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Workplace Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
      • Macmillan
    • Education
    • Food & Drink
    • Health
    • Home
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All Events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe

© 2023 Channel Eye Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.