I headed to London yesterday for a meeting of the TSI's Business Members Group. I was pleased to be invited and I updated them on some of our current work, including the national conversation and the approved codes.
One of the things we discussed was how we are now beginning to kick off on business education. This was one of the functions that transferred from the Office of Fair Trading to us in the consumer landscape review. It is clear to me that as a group that understands both commerce and regulation, the BMG could play a key role in helping us develop effective guidance.
Charles Wallace from the OFT introduced the current review of the Pricing Practices Guidance. I was a very interested participant in his presentation and the debate. Whilst the OFT are starting the work on this it will shortly transfer across for us to complete as part of our new business education role. Hearing the range of views expressed it is clear that we have chosen a meaty one to begin our role on producing guidance.
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