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ARTICLE · 24 APRIL 2018

Singapore Commission Proposes Amendments To Competition Act

Jones Day
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The CCCS consolidation and proposed amendments will be beneficial for Singapore's regulatory environment.

SingaporeAntitrust/Competition Law
Sushma Jobanputra
Sushma Jobanputra
Prudence Smith
Prudence Smith
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In Short

The Bill: The Singapore Parliament passed a bill giving the Competition Commission of Singapore (or CCS) regulatory powers over consumer protection. The expanded body is now (effective 1 April 2018) called the Competition and Consumer Commission of Singapore (or CCCS), and it will adopt its consumer protection functions in the second half of 2018.

The Proposed Amendments: The CCCS proposes amending the Competition Act to empower the CCCS to conduct general interviews during inspections; accept binding and enforceable commitments for cases involving anticompetitive agreements and abuse of dominance; and codify the process for approaching the CCCS for confidential advice in relation to a potentially anticompetitive merger.

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