INTRODUCTION
Five months after the Competition Act 2010
("Act") came into force on 1 January
2012, the Malaysia Competition Commission
("MyCC") has issued the final version of
three guidelines (collectively,
"Guidelines") it had previously made
available for public consultation last year. The Guidelines
comprise of the following:
- Guidelines on Chapter 1 (Anti-competitive Agreements);
- Guidelines on Market Definition; and
- Guidelines on Complaint Procedures.
MyCC had invited comments on the draft versions of the
Guidelines in a public consultation that took place between 24
November 2011 and 30 December 2011.
The Guidelines provide clarity on key procedural and substantive
matters under the Act, and outline MyCC's enforcement approach
and priorities with regard to the relevant provisions of the Act.
Businesses should pay heed to MyCC's positions set out in the
Guidelines to ensure that they have a holistic understanding of
their competition compliance
