Singapore legislation

Clause 14

of Competition (Amendment) Bill

Clause 14

Amendment of section 67

Section 67 of the Competition Act is amended —

(a)

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”;

(b)

by inserting, immediately after subsection (1), the following subsection:“(1A) If the Commission has reasonable grounds for suspecting that the section 54 prohibition —

(a)

will be infringed by an anticipated merger, if carried into effect; or

(b)

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 —

(i)

for the purpose of preventing any action that may prejudice —

(A)

the investigations; or

(B)

the giving of any direction under section 69; or

(ii)

as a matter of urgency for the purpose —

(A)

of preventing serious, irreparable damage to a particular person or category of persons; or

(B)

of protecting the public interest,the Commission may give such directions as it considers appropriate for that purpose.”;

(c)

by inserting, immediately after the words “subsection (1)” in subsection (4), the words “or (1A), as the case may be,”; and

(d)

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.”.

Clause 14 — Competition (Amendment) Bill | laws.sg