Utility regulation and competition Act. Country/Territory Cayman Islands (UK) Document type Legislation Date 2016 (2020) Source FAO, FAOLEX Long titleUtility regulation and competition Act (2021 Revision). Subject Energy, Water, General Keyword Access-to-information Consumer protection Institution Internal trade Inspection Energy conservation/energy production Oil Water supply Geographical area Americas, Caribbean, Latin America and the Caribbean Abstract This Act applies to any utility service unless the contrary is provided expressly or by necessary implication in any other Law. There is established a body to be called the Utility Regulation and Competition Office, having the functions and powers conferred or imposed upon it by this and any other Law. The Office shall be a body corporate having perpetual succession and a common seal and, subject to the provisions of this Act, shall have power to buy, sell, hold, deal and otherwise acquire and dispose of land and other property of any kind and to enter into contracts and to do all things necessary or desirable for the purposes of its functions and powers. The Office may sue and be sued in its corporate name and it shall have exclusive right to use the name the “Office of Competition and Regulation”. The Office shall establish and maintain its head office and principal place of business within the Islands, and shall cause details thereof to be gazetted, and service of all documents on the Office shall be deemed to be effective if delivered at the head office. The principal functions of the Office, in the markets and sectors for which it has responsibility, are — (a) to promote objectives set out in any Policy; (b) to promote appropriate effective and fair competition; (c) to protect the short and long term interests of consumers in relation to utility services and in so doing — (i) supervise, monitor, and regulate any sectoral provider, in accordance with this Act, the regulations and sectoral legislation and any general policies made by Cabinet in writing; (ii) ensure that utility services are satisfactory and efficient and that charges imposed in respect of utility services are reasonable and reflect efficient costs of providing the services; and (iii) publish information, reports and other documents relating to utility services; and (d) to promote innovation and facilitate economic and national development. Full text English Website www.ofreg.ky References - Legislation Amended by Utility Regulation and Competition (Amendment) Act, 2022. Legislation | Cayman Islands (UK) | 2022 Keyword: Access-to-information, Consumer protection, Institution, Internal trade, Inspection Source: FAO, FAOLEX