Monopolies Commission
noun
(In the United Kingdom) a statutory body established in 1956 (succeeding the Monopolies and Restrictive Practices Commission established in 1948), and from 1973 to 1999 called the Monopolies and Mergers Commission (abbreviated MMC).
- The Commission's remit was to investigate and report on matters in the public interest relating to mergers, monopolies, and (formerly) restrictive practices. In 1999 it was succeeded by the Competition Commission..
Origin
1940s; earliest use found in Acts of Parliament.
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