CCPC Consultations on Policies and Guidelines for Exercising New Competition Law PowersFebruary 2022
The Competition and Consumer Protection Commission (CCPC) has announced a series of public consultations on how it intends to use the expanded competition law enforcement powers contained in the Competition (Amendment) Bill 2022, which is expected to come into force later this year.
Jeremy Godfrey, Chairperson of the CCPC, said “We intend to adopt a number of policies and guidelines to provide transparency about how we will use these new powers……. Before we finalise these policies and guidelines, we will consult with stakeholders so that the transition to our new regime can be as effective as possible. We are particularly keen to hear from the business community, legal advisers, experts in economics and from consumer advocacy groups.”
The first consultation is on the CCPC’s new administrative leniency policy for cartels and on how the CCPC intends to approach decisions on whether to choose the administrative or criminal enforcement regime for suspected breaches of competition law.
By Eilish Larkin - Regulatory Consultant