Enterprise and Regulatory Reform Act 2013

13 Jun 2013

The various parts of the Act will:

  • Set the purpose of the UK Green Investment Bank

  • Improve the employment tribunal system

  • Strengthen and streamline the UK’s competition regime and create a new Competition and Markets Authority

  • Implement measures from the Red Tape Challenge including changes so that in future civil claims for breach of health and safety duties can only be brought where it can be proved an employer has been negligent

  • Give shareholders of UK quoted companies binding votes on directors’ pay

  • Modernise the UK’s copyright framework

  • Introduce a power to enable customers to request their transactional data in an electronic format

  • Simplify regulation Small, medium and micro businesses will benefit from this Act in particular from the lower costs involved in settling disputes and from the Red Tape Challenge measures. 

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