Singapore legislation
Clause 14
Clause 14
Amendment of section 67
Section 67 of the Competition Act is amended —
by deleting paragraph (a) of subsection (1) and substituting the following paragraph:“(a)has reasonable grounds for suspecting that the section 34 prohibition or the section 47 prohibition has been infringed but has not completed its investigations into the matter; and”;
by inserting, immediately after subsection (1), the following subsection:“(1A) If the Commission has reasonable grounds for suspecting that the section 54 prohibition —
will be infringed by an anticipated merger, if carried into effect; or
has been infringed by a merger,but has not completed its investigations into the matter, and considers that it is necessary for it to act under this section —
for the purpose of preventing any action that may prejudice —
the investigations; or
the giving of any direction under section 69; or
as a matter of urgency for the purpose —
of preventing serious, irreparable damage to a particular person or category of persons; or
of protecting the public interest,the Commission may give such directions as it considers appropriate for that purpose.”;
by inserting, immediately after the words “subsection (1)” in subsection (4), the words “or (1A), as the case may be,”; and
by deleting subsection (7) and substituting the following subsection:“(7) In the case of a suspected infringement of the section 54 prohibition by an anticipated merger, if carried into effect, or a merger, sections 69(2)(ba)(i) and (c)(i) and 85 shall also apply to directions given under this section.”.