Authority Publishes New Guidelines On Competition Law Compliance Programs

UROD published a new bulletin to help understand the guidelines announced by the competition agency, that intends to encourage economic agents to develop internal mechanisms to prevent conducts against competition.

The Chilean competition Authority, Fiscalía Nacional Económica (FNE) published new Guidelines on Competition Law Compliance Programs.

In its Guidelines, the FNE familiarizes and presents the topic; introduces what a competition compliance program is; lists and explains the conditions for an effective compliance program; specifies the elements and components that may be included in it; highlights the benefits of a well-designed, credible and effective compliance program; and indicates who should implement a program of this kind.