Singapore legislation
Clause 17
Clause 17
Amendment of section 71
Section 71 of the Competition Act is amended —
by inserting, immediately before the words “or any party involved in a merger” in subsection (1), the words “any party to an anticipated merger in respect of which the Commission has made a decision”;
by inserting, immediately after the word “section” in subsection (1A), “58A,”; and
by deleting subsection (3) and substituting the following subsection:“(3) In subsection (1), “decision” means a decision of the Commission as to —
whether the section 34 prohibition has been infringed by any agreement;
whether the section 47 prohibition has been infringed by any conduct;
whether the section 54 prohibition will be infringed by any anticipated merger, if carried into effect; or
whether the section 54 prohibition has been infringed by any merger,and includes a direction given under section 58A, 67 or 69 (including the imposition of any financial penalty under section 69 or as to the amount of any such financial penalty) and such other decision as the Minister may by regulations prescribe.”.