Stupid, Absolute load of ********.
If a brand wants to set a RRP then let them. If they want to enforce it then let them.
Otherwise the brand gets devalued by retailers chasing their way to the bottom, and you end up in a situation like the bike trade where smaller shops can’t survive. The CMA is actively hitting the people who are trying their hardest to keep competition up. You set a retail price, you enforce it and people will buy from their local shops where they get a good service and everyone earns a crust. Otherwise you end up with people trying fender guitars in their local, buying online for cheap and the shops, brand, and customer suffer.
Fender should be applauded for trying to protect the product and not jumping on the bandwagon of discounting.