
The Office of Rail Regulation (ORR) was established on 5 July 2004 under the Railways and Transport Safety Act 2003. It replaced the Office of the Rail Regulator. On 1 April 2006, ORR assumed new responsibilities as a combined safety and economic regulator under The Railways Act 2005. It also has concurrent jurisdiction with the Office of Fair Trading under the Competition Act 1998 as the competition authority for the Railways.
As the railway industry's independent health and safety and economic regulator, the Office's principal functions are to:
ORR is led by a Board appointed by the Secretary of State for Transport, under the chairmanship of Chris Bolt.