Many markets held on highways and streets are called markets but are operated under street trading powers. This is particularly the case in London. These markets are not markets in the strict legal sense and therefore they do not have the rights and responsibilities which attached to markets created under market powers such as royal charter / letters patent and legislation such as Part III of the Food Act 1984. There are important distinctions between the two including the right to control “rival” markets, the level of charges and the ability to make profit. In general terms the street trading legislation is based on a regulatory licensing system whereas market stalls provide more flexibility and have a commercial element attached to them.