Cookies on Pinsent Masons website

Our website uses cookies and similar technologies to allow us to promote our services and enhance your browsing experience. If you continue to use our website you agree to our use of cookies.

To understand more about how we use cookies, or for information on how to change your cookie settings, please see our Cookie Policy.

Singapore's Competition Commission proposes change to basis of fines

The Competition Commission of Singapore (CCS) has proposed changing the date range used to calculate competition infringement fines.09 Jun 2016

The CCS has said that financial penalties should be based on the organisation's turnover in the financial year preceding the end date of the infringement. Currently it is based on the financial year preceding the CCS' decision.

It has also put together guidelines on how regulations should be enforced. It is consulting the public on its proposed changes.

The guidelines themselves are based on an initial public consultation that ran from 25 September to 27 November last year.

This would bring Singapore into line with Europe and the UK, the CCS said. Singapore's Competition Act is modelled on the UK's, it said.

The CCS has said that infringement decisions should include the amount of the proposed fine. This would give recipients the chance to respond to the CCS on both their liability and the penalty, it said.

The consultation
will run until 8 July.