Speaking at the Jersey Chamber of Commerce luncheon, Bill Brown, executive director of the Jersey Competition Regulatory Authority, said he had been encouraged by the number of firms already coming to seek advice.
He told the 170-strong audience of Chamber members: ‘The message we want to get across is that if you have any specific issues that you would like to discuss before 1 November, our doors are open, and of course all such discussions are absolutely confidential.
Mr Brown outlined the recent initiatives the authority had undertaken, including consultations on block exemption orders, exemptions for small undertakings and possible leniency for anyone owning up to taking part in a cartel.
He said in the six-week run-up to the law’s introduction the authority would be keeping eyes and ears open for any anti-competitive situation which they might want to tackle after 1 November.
He reminded businesses that in addition to the legal consequences of failing to comply, they could expect disruption during an investigation as well as adverse publicity.