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CCCS and the Competition Act

The objective of the competition law in Singapore is to promote the efficient functioning of our markets towards enhancing the competitiveness of the Singapore economy. The Competition Act prohibits anti-competitive activities. Specific prohibited activities include  agreements that prevent, restrict or distort competition, abuse of dominance and mergers that substantially lessen competition.

In administering and enforcing the Competition Act, CCCS adopts a two-pronged approach of enforcement and advocacy. CCCS enforces the Act by taking action against anti-competitive activities and its focus is on activities that have a significant adverse impact on the economy. At the same time, CCCS also works with government agencies, business community and the public to advocate pro-competition practices and promote a strong competitive culture and environment.  

In enforcing the act, CCCS has the power to investigate and adjudicate anti-competitive activities, including the imposition of financial penalties on infringing parties. 

Where CCCS has made an infringing decision, the parties may appeal to the Competition Appeal Board, which is an independent body comprising members appointed by the Minister for Trade and Industry. Further appeals against the decisions of the Competition Appeal Board may be made to the High Court, and thereafter to the Court of Appeal, but only on points of law and the amount of the financial penalty. Infringing parties are also liable to be sued by parties who suffered loss or damage directly as a result of the infringement. Such rights of private action can only be exercised after the appeal process has been exhausted. 

Businesses and trade associations may seek guidance or a decision from CCCS if they are concerned that their agreements or conduct may have infringed the Competition Act.

 

Updated Date

Last Updated on 01 April 2018