What is a significant characteristic of the CMA as a regulatory body?

The characteristic that it operates independently under UK law reflects the structure and function of the CMA (Competition and Markets Authority) as a regulatory body. This independence is vital because it allows the CMA to enforce competition laws and regulate markets without political interference, ensuring fair competition and protecting consumer interests.

Operating under UK law means that the CMA has the authority to investigate anti-competitive behavior, oversee mergers and acquisitions, and enforce regulations that promote market integrity. This legal foundation provides the framework within which the CMA operates, enabling it to take necessary actions that are crucial for maintaining a healthy economic environment.

In contrast, being profit-driven, a non-governmental organization, or funded by private companies does not accurately characterize the CMA's purpose or operational structure. The CMA is specifically established to serve the public interest, which is not aligned with profit motives or being influenced by stakeholders with vested financial interests.