CCS Annual Report 2015-2016

Over the past year, CCS has remained

steadfast in fulfilling our mission to

makemarketsworkwell for businesses

and consumers in Singapore.

OVERVIEW

CCS ANNUAL REPORT 2015-2016

CHAIRMAN’S

MESSAGE

KEY ACHIEVEMENTS

We were delighted to be able to host over 500 delegates

from 83 countries for the International Competition

Network (“ICN”) Annual Conference. This was the first

time the ICNAnnual Conferencewas hosted in Southeast

Asia. It is our hope that together with our partners in

ASEAN and the Trans-Pacific Partnership, we will be

able to further strengthen the competition policy and

law developments in this region.

In support of this goal, the Minister for Trade and

Industry (Trade) Mr LimHng Kiang launched the ASEAN

Competition Policy and Law (“CPL”) Programme. CCS

will take the lead to develop this programme, which

will contribute to aligning the competition policy and

law of ASEAN member states. The CPL Programme

will promote closer collaboration and relationships

amongst businesses, competition authorities as well

as relevant government agencies in ASEAN, to help

foster a competitive, innovative and dynamic ASEAN

unified market.

As CCS tackles more complex and cross-border cases,

we strive to deliver effective and efficient investigation

and enforcement, despite limited resources. In this

regard, we have embarked on a comprehensive

review of the CCS Guidelines. Proposed amendments

to the Guidelines took into account feedback from

stakeholders, best practices in other jurisdictions,

as well as CCS’s experience over the past decade in

administering and enforcing the various provisions of

the Competition Act.

I am confident that the proposed changes will make it

easier for businesses, consumers and stakeholders

to understand the application of competition law. At

the same time, the streamlining and simplification of

various notification forms and procedures will save

businesses time.

One example is the push towards even more self-

reporting by businesses through our leniency

programme. This will be refined so that businesses

know upfront what to expect and what will be required

by CCS during the process. More incentives such as

a penalty discount of up to 50% will be provided for

coercers and initiators of a cartel activity.

Another example is a new Fast Track procedure for

cases. This will enable businesses under investigation