THE FAIR TRADING COMMISSION ACT 2000-31
The journey leading to the creation of this consumer protection, fair competition and utility regulatory body goes back to the middle of the last century. The Barbados Fair Trading Commission (FTC) evolved from its predecessor the Public Utilities Board which was responsible for regulating public utilities such as electricity and telephone services, from 1955 until 2001.
However, as Barbados developed, the need arose for a new body with a broader mandate to deal with other areas which had become important such as fair competition and consumers’ rights.
Thus, the FTC eventually came into being on January 2nd, 2001, through the Fair Trading Commission Act.