A strong competition compliance culture helps to protect your business.
Public Consultation on Proposed Changes to CCS Guidelines on Merger Procedures
| Consultation Date: | 20 February 2012 |
The Competition Commission of Singapore (CCS) is inviting comments on proposed changes to its Guidelines on Merger Procedures (Guidelines). On 1 July 2007, the section 54 prohibition of the Competition Act (Chapter 50B) (the Act) on mergers that result in a substantial lessening of competition came into force. On the same date, CCS also issued its Guidelines on Merger Procedures to explain the circumstances in which mergers should be notified to CCS for decision and to set out CCS’ procedures for investigating mergers. Over the past five years, CCS has gained experience in the application of the provisions of the Act to mergers in Singapore, issuing decisions for around 30 mergers, sending inquiry letters in relation to non-notified mergers, obtaining feedback from stakeholders and generally keeping merger activities in Singapore under review. CCS now wishes to revise and update its Guidelines on the basis of the practical experience it has acquired. The key aims of this review are to increase transparency of CCS’ merger review procedures, to streamline the process of merger notification in order to minimise the burdens on businesses and to maximise the benefits of Singapore’s voluntary merger notification system. The consultation document includes a draft of CCS’ proposed revised Guidelines on which comments are invited. Consultees are also invited to respond to some specific questions that are set out in the consultation document. |
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| Consultation: | Interested parties are invited to submit their views. Comments should reach the CCS no later than 20 March 2012. Please write or email your comments (titled: Comments on Proposed Changes to CCS’ Guidelines on Merger Procedures) to: Post/Courier: Attention: Mr Alvin Koh, Director (Legal & Enforcement) Email: ccs_feedback@ccs.gov.sg |
| Queries: | If you have any queries regarding the content of this consultation, please contact: Ms Koh Jiaying, Senior Assistant Director (Legal & Enforcement) Email: jiaying_koh@ccs.gov.sg |