22 February 2023
A consultation has been launched on proposed changes to Jersey’s competition framework which are
intended to support business innovation and growth, keep prices down, and look after consumer
interests. More information can be found on the consultation webpage.
The key proposed changes to the Competition (Jersey) Law 2005 (the Competition Law)
include:
- a revised framework for the control of mergers and acquisitions to reduce, wherever possible,
the administrative burden for businesses and to enable the Jersey Competition Regulatory
Authority (the JCRA) to better focus resources where they are most needed
- an enhanced framework for market studies to enable the JCRA to better assess whether local
markets are working well for consumers.
- a streamlined resolution process for Competition Law cases, and the creation of a more
balanced framework for appeals
- enhanced JCRA powers to seek director disqualifications, and the introduction of a new
criminal offence for cartels
The Minister with responsibility for competition policy, Deputy Kirsten Morel, said: “When competition
in the market works well, consumers benefit through better products, greater choice and lower prices.
“It is essential for our economy that Jersey maintains an attractive and competitive business climate
with a robust, transparent and supportive regulatory regime. This will work to protect Jersey
consumers and help reduce the barriers to business, enabling Jersey companies to thrive.
“This consultation comes at a time Islanders are facing an unprecedented rise in their living costs. The
increased cost of living affects us all, but particularly those Islanders struggling the most. Therefore, it
is now more important than ever that businesses in Jersey feel the pressure of competition to keep
their prices down.”
The consultation is open until 21 April 2023 with more information being available on the
consultation webpage.
Notes to Editors:
For further information, please contact the press office on +44 (0) 1534 440430 or
pressoffice@gov.je
gov.je