Date(s) - 25th April 2013
GROCERIES CODE ADJUDICATOR BILL RECEIVES ROYAL ASSENT
The Groceries Code Adjudicator Bill was given Royal Assent today, creating the UK’s first independent adjudicator to oversee the relationship between large supermarkets and their direct suppliers.
Competition Minister Jo Swinson said:
“This Government is committed to ensuring that all businesses have access to fair and open markets.
“The Groceries Code Adjudicator will make sure that large supermarkets abide by the Groceries Supply Code of Practice, and treat their suppliers fairly and lawfully. This will give suppliers the stability to help them grow, innovate and compete in the market. That is why I’m delighted the Bill achieved Royal Assent today.
“I am sure that the Adjudicator will make strides towards delivering fairer food supply chains and stronger growth in the industry.”
Full press release here: