Bermuda Charts A Course For A New Competition Regime

This is the second article in our series on Bermuda’s proposed Competition Act 2026. Our first, Competition Law Sails into Bermuda, considered the parliamentary background leading to the consultation process which has just concluded. This article examines the regime proposed in the Government’s August 2026 consultation paper, Promoting Competition and Market Fairness.[1]

Competition and Regulatory Authority

The centrepiece of the proposed framework is the transformation of the existing Regulatory Authority into the Competition and Regulatory Authority (CRA). Whilst continuing to perform its existing sector-specific regulatory functions, the CRA is set to become a comprehensive market regulator, with new investigative, adjudicative and enforcement powers.