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WE ENSuRE PLAYERS PLAY BY THE RuLES
Myths and
Facts About the
Completed V ibrant Competition Act
How well do you know Singapore’s Competition Act? Review
cases to da Economy the following statements and decide whether each is a myth
242te
or a fact. (Hint: Check out our calendar 2014 for the answers!)
(Excludes Complaints)
myth fact
01. CCS is a price regulator.
Why 02. CCS oversees competition issues
Champion in all sectors.
Competition? 03. The energy and
telecommunications sectors have
their own regulators and are therefore
excluded from the Act.
04. If you call a meeting with a few
Fair competitors to discuss if you should all
raise prices in tandem, you run afoul of
Play the Act.
05. Being the dominant player in the
market is always frowned upon by CCS.
06. You always have to inform CCS
before you proceed with an acquisition
and merger.
07. You can apply for a leniency
marker even if you don’t have enough
evidence of cartel activity.
08. Similar increases in the price of a
good or service always means price
fixing has taken place.
09. CCS only imposes financial
penalties and/or issues directions for
modification of conduct to those who
run afoul of the Act.
10. CCS guidelines were finalised after
input and feedback were sought from
the public and considered.
Myths and
Facts About the
Completed V ibrant Competition Act
How well do you know Singapore’s Competition Act? Review
cases to da Economy the following statements and decide whether each is a myth
242te
or a fact. (Hint: Check out our calendar 2014 for the answers!)
(Excludes Complaints)
myth fact
01. CCS is a price regulator.
Why 02. CCS oversees competition issues
Champion in all sectors.
Competition? 03. The energy and
telecommunications sectors have
their own regulators and are therefore
excluded from the Act.
04. If you call a meeting with a few
Fair competitors to discuss if you should all
raise prices in tandem, you run afoul of
Play the Act.
05. Being the dominant player in the
market is always frowned upon by CCS.
06. You always have to inform CCS
before you proceed with an acquisition
and merger.
07. You can apply for a leniency
marker even if you don’t have enough
evidence of cartel activity.
08. Similar increases in the price of a
good or service always means price
fixing has taken place.
09. CCS only imposes financial
penalties and/or issues directions for
modification of conduct to those who
run afoul of the Act.
10. CCS guidelines were finalised after
input and feedback were sought from
the public and considered.
