Singapore legislation
Regulation 5
of Competition (Transitional Provisions for Section 34 Prohibition) Regulations
Regulation 5
Grant or refusal of application
Subregulation 1
The Commission may, on receiving an application —
grant the applicants an extension of the transitional period for such period and subject to such conditions as it thinks fit; or
refuse the application.
Subregulation 2
Any condition imposed by the Commission under paragraph (1)(a) shall, unless otherwise specified by the Commission, be deemed to be imposed jointly and severally on all the applicants.
Subregulation 3
Without prejudice to the generality of the Commission’s power under paragraph (1) to refuse an application, the Commission may refuse the application if —
the application is not made in accordance with regulation 4;
the Commission has reasonable grounds for suspecting that any information submitted to the Commission under regulation 4 is incomplete, false or misleading in a material particular;
the appropriate fee is not paid in accordance with regulation 4(2)(e);
the Commission’s request for any information under regulation 4(7) is not complied with; or
the Commission has reasonable grounds for believing that there has been a material change in any information furnished to the Commission under regulation 4, and such change is not notified to the Commission under regulation 4(8).
Subregulation 4
If the Commission refuses an application under paragraph (1), the Commission may specify a period of time for the applicants to bring to an end any infringement by the agreement of the section 34 prohibition.