Singapore legislation
Clause 21
Clause 21
Amendment of section 93
Section 93(2) of the Competition Act is amended —
by deleting paragraph (d) and substituting the following paragraphs:“(d)the form and manner in which complaints that the section 34 prohibition has been infringed by any agreement, the section 47 prohibition has been infringed by any conduct, the section 54 prohibition will be infringed by any anticipated merger, if carried into effect, or the section 54 prohibition has been infringed by any merger, are to be submitted to the Commission;
(da)the acceptance of commitments, and the variation, substitution or release of commitments, including the parties that may apply for the variation, substitution or release of commitments and the form and manner in which applications for the variation, substitution or release of any commitment are to be submitted to the Commission;”; and
by deleting the word “and” at the end of sub-paragraph (ii) of paragraph (f), and by inserting immediately thereafter the following sub-paragraph:“(iia)the turnover of all or any party to an anticipated merger (determined in such manner as may be prescribed); and”.