The Enterprise Act 2002 is an Act of the Parliament of the United Kingdom which made major changes to UK competition law with respect to mergers and also changed the law governing insolvency bankruptcy. It made cartels illegal with a maximum prison sentence of 5 years and states that level of competition in a market should be the basis for investigation. Structure Part 1: The Office of Fair Trading (ss 1-11) Part 2: The Competition Appeal Tribunal (ss 12-21) Part 3: Mergers Chapter 1: Duty to make references (ss 22-41) Chapter 2: Public interest cases (ss 42-58) Chapter 3: Other special cases (ss 59-70) Chapter 4: Enforcement (ss 71-95) Chapter 5: Supplementary (ss 96-130 Part 4: Market Investigations Chapter 1: Market investigation references (ss 131-138) Chapter 2: Public interest cases Chapter 3: Enforcement Chapter 4: Supplementary (ss 168-184) Part 5: The Competition Commission (ss 185-187) Part 6: Cartel offence (ss 188-202) Part 7: Miscellaneous Competition Provisions (ss 203-209) Part 8: Enforcement of certain consumer legislation (ss 210-236) Part 9: Information (ss 237-247) Part 10: Insolvency (ss 248-272) Part 11: Supplementary (ss 273-281) Schedules Competition policy The Act had five major competition policy objectives; Make all competition decisions through independent bodies, root out forms of anti-competitive behaviour, create a strong deterrent effect, to redress injured parties in distortions of competition and raise the profile of competition policy in the UK. The act made the Office of Fair Trading formally independent from government, and gave it additional powers. It is now possible for searches to be carried out under warrant from this act of business premises involved with potentially prohibitable mergers. The act also established the Commission Appeals Tribunal (CAT) for companies to appeal against decisions by the Competition Commission. The role of the Director General of Fair Trading (DGFT) was also abolished and his powers given to the OFT, this was seen as an attempt to depersonalize the competition investigation process. The Minister of Trade and Industry in the past played a large role in competition policy, having final say over whether a particular merger was in the public interest. Under the new Act his role was significantly diminished in order to de-politicize competition regulation which had been accused of being inconsistent in the past. He now only has powers to intervene if the proposed merger will affect the media to the detriment of the public, national security or if one