The victory of the Institute of Independent Insurance Brokers over the director general of Fair Trading in a Competition Commission appeals tribunal illustrates the difference in approach between the two regulators, writes Alistair Lindsay
Last week’s decision in the Institute of Independent Insurance Brokers (IIB) v Director General of Fair Trading (DGFT) case was a tale of five regulators. It involved an appeal to the Competition Commission Appeals Tribunal against a decision by the DGFT rejecting claims by the IIB and Association of British Travel Agents (Abta) that the rules of the General Insurance Standards Council (GISC) were anti-competitive.
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