1 The Office of Fair TradingF1U.K.
(1)There shall be a body corporate to be known as the Office of Fair Trading (in this Act referred to as “the OFT”).
(2)The functions of the OFT are carried out on behalf of the Crown.
(3)Schedule 1 (which makes further provision about the OFT) has effect.
(4)In managing its affairs the OFT shall have regard, in addition to any relevant general guidance as to the governance of public bodies, to such generally accepted principles of good corporate governance as it is reasonable to regard as applicable to the OFT.
Textual Amendments applied to the whole legislation
F1Act: for the words "solicitor of the Supreme Court of Northern Ireland" wherever they occur there is substituted (prosp.) the words "solicitor of the Court of Judicature of Northern Ireland" by virtue of Constitutional Reform Act 2005 (c. 4), ss. 59, 148(1), Sch. 11 para. 5 [Editorial Note: this amendment will be carried through into the text of the Act at the same time as any other effects on the Act for the year in which the relevant commencement order (or first such order) is made]