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ARTICLE · 02 MAY 2003

Reporting Period: January 03 – March 03 - Enforcement Policy And Legislative Developments

SwitzerlandFinance and Banking

Annual Report of the FCC.

On February 4, 2003, the FCC held its annual press conference and published its annual report. During the year 2002, the FCC focused on combatting vertical agreements as well as on repressing anti-competitive practices in the financial sector. On February 18, 2002, the FCC had published a Communication on the assessment of vertical agreements, setting out the conditions under which certain vertical agreements will be considered compatible or not with the Competition Act. As a result of the publication of this Communication, more than hundred complaints have been filed, six of which have led the FCC to open a preliminary investigation. On October 21, 2002, the FCC also published a Communication on vertical agreements in the field of motor vehicle distribution, which aims at improving intra-brand competition and stimulating competition in the market of new motor vehicles, spare parts and after-sales services. Over the year 2002, interim measures, by means

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