Singapore legislation
Clause 8
Clause 8
Amendment of section 60B
Section 60B of the Competition Act is amended —
by deleting the words “section 60A” in subsection (1) and substituting the words “section 60A(1)”;
by inserting, immediately after subsection (1), the following subsections:“(1A) Where the Commission has accepted a commitment under section 60A(1A) in relation to an agreement, and subject to subsection (2), the Commission must make a decision that the section 34 prohibition has not been infringed by the agreement.(1B) Where the Commission has accepted a commitment under section 60A(1B) in relation to any conduct, and subject to subsection (2), the Commission must make a decision that the section 47 prohibition has not been infringed by the conduct.”; and
by inserting, immediately after the words “subsection (1)” in subsections (2) and (3), the words “, (1A) or (1B)”.