New Compliance Guidelines By The Bulgarian Commission Aim To Help Businesses

At the end of 2012, the Bulgarian Competition Protection Commission adopted its first Guidelines on Corporate Compliance Programmes.

Goal of the Compliance Guidelines

The new Compliance Guidelines (Guidelines) by the Bulgarian Competition Protection Commission (CPC) aim to encourage the development of compliance programmes by businesses. The compliance programmes are a set of internal action plans and procedures on how to avoid sanctions by running a business that is compliant with the complex Bulgarian and European competition laws.

Essence of the Guidelines

The Guidelines set out a process for developing compliance programmes by following six procedures, each of which has its specific purpose, as outlined below.