Executive Summary Of The Restrictive And Trade Practices Regulation, 2022

INTRODUCTION

The Restrictive and Trade Practices Regulation, 2022 ("The RTPR or the Regulation") was established to provide a regulatory framework for the implementation of Part VIII and some aspects of Part XIV of the Federal Competition and Consumer Protection Act, 2018 ("the Act"), these Parts of the Act deal with restrictive agreements and all matters related thereto.

Restrictive agreements are described in Section 59 (1) of the Act, as "agreements among undertakings or decisions of an association of undertakings that has the purpose of actual or likely effect of preventing, restricting or distorting competition in any market".

The RTPR is aimed at providing guidance on the regulatory review process for agreements or decisions and clarifying the process for authorisation of exempted agreements and practices among undertakings.