Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
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- usage examples (several phrases with translation)
- etymology
Office of Fair Trading - translation to English
[,ɔfɪsəv,feə'treɪdɪŋ]
общая лексика
Управление законной торговли (государственное министерство [department]; следит за коммерческой деятельностью и рекламой и в частности за соблюдением Закона об описании товаров [Trade Descriptions Act]. Создано в 1973)
закон о добросовестной конкуренции (1973 г.)
Definition
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Wikipedia
The Office of Fair Trading (OFT) was a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforced both consumer protection and competition law, acting as the United Kingdom's economic regulator. The intention was for the OFT to make markets work well for consumers, ensuring vigorous competition between fair-dealing businesses and prohibiting unfair practices such as rogue trading, scams, and cartels. Its role was modified and its powers changed by the Enterprise Act 2002.
The Department for Business, Innovation and Skills (BIS) announced reforms to the consumer protection and competition regimes. Under the provisions of the Enterprise and Regulatory Reform Act 2013, the Competition and Markets Authority (CMA) was established on 1 April 2014, combining many of the functions of the OFT and the Competition Commission and superseding both.
Regulation of the consumer credit sector passed from the OFT to the new Financial Conduct Authority (FCA) from April 2014.
