Championing Competition for GROWTH and CHOICE

Championing Competition
for GROWTH and CHOICE
OUR MISSION
Championing competition for growth and choice
OUR VISION
A vibrant economy with competitive markets
and innovative businesses. A leading competition
authority known for its professionalism.
CONTENTS
01 About the Competition Commission of Singapore (CCS) / 02 Championing Competition for Growth and Choice / 03 The Competition Act /
04 Filing a Complaint with CCS / 05 Public Outreach and Advocacy / 06 Filing Notifications for Guidance or Decision / 07 Leniency Programme /
08 Benefits of Competitive Markets
01
About the Competition Commission of Singapore (CCS)
We are a statutory board that administers and
enforces the Competition Act (“the Act”). Our
mission is championing competition for growth
and choice.
Through advocating pro-competition practices and
enforcing against anti-competitive behaviour, CCS
is committed to safeguarding the competition
process, thereby supporting the competitiveness
and vibrancy of our economy.
Everyone’s interest is best served by competitive markets
that deliver the best products at the lowest prices.
Championing Competition for GROWTH and CHOICE
Championing Competition for Growth and Choice
02
Competition brings about greater efficiency,
innovation and responsiveness to consumers.
With each competitive cycle, competitive firms become more
efficient, innovative and responsive to consumer needs, leading
to growth for the industry and more choices for the consumer.
This means more effective use of resources
and greater productivity gains that benefit
the growth of both the businesses and
the economy.
Everyone benefits from competition. With
Competitive firms
make profit
competition, companies that are able to offer
better quality or greater variety of goods
and services will grow stronger. Consumers
will in turn benefit from more choices. Since
companies also consume goods and services
New firms
enter market
More competitive firms
Firms compete to
win customers
Competition Commission of Singapore
in their production process, they will benefit
from it as well.
03
The Competition Act
The competition law penalises businesses which engage in anti-competitive
practices, namely:
• Anti-Competitive Agreements, such as agreements to fix prices, control
production or share markets. Specifically, it is an infringement to form a cartel
to devise plans to influence market prices, e.g., by fixing prices, rigging bids or
controlling the production of products.
• Abuse of a Dominant Position, such as conduct that protects a dominant
business position in ways unrelated to competitive merit.
• Mergers that Substantially Lessen Competition in Singapore, because of a
concentration of market power.
To help businesses understand how CCS interprets and enforces the Act, we have
issued 13 guidelines which can be found on our website: www.ccs.gov.sg.
Championing Competition for GROWTH and CHOICE
Filing a Complaint with CCS
You should report to CCS when you detect anti-competitive practices. It is
easy to file a complaint and there are three ways to do so:
• Reach us at our hotline: 1800 325 8282
• Send us an email at [email protected]
• Download a complaint form from our website at www.ccs.gov.sg,
complete the details as directed and submit the completed form to us.
We would appreciate if you could furnish us with the following information:
• information about you and the organisation you represent (if applicable);
• information about the party or parties you are complaining against;
• a brief description of the agreement, conduct or merger that is being
complained against; and
• any other relevant information and supporting documents.
All information furnished will not be disclosed unless permission has been
granted by the informant.
Get in Touch with Us
You can also send us an email at [email protected]
Competition Commission of Singapore
04
05
Public Outreach and Advocacy
On the advocacy front, CCS engages business communities and public through various outreach programmes. Information and updates on our
outreach programmes can be found on our website at www.ccs.gov.sg.
Outreach Posters on the Three Provisions of the Act
Championing Competition for GROWTH and CHOICE
Filing Notifications for Guidance or Decision
Companies can seek Guidance or Decision from CCS to find out
if their agreements or conduct may have inadvertently infringed
the Competition Act.
You will find it particularly useful to refer to the Guidelines on
Notifications for Guidance or Decision and the Competition
GUIDANCE
Regulations for details when filing a notification. Both publications
are available on our website at www.ccs.gov.sg.
The application for Guidance or Decision must be made by
first submitting Form 1 to CCS. The form can be obtained from
our website.
Please take note that Form 1 will require information relating to:
• the applicant and the other parties involved in the agreement
D E C IS IO N
or conduct;
• the purpose of the application;
• details of the agreement or conduct; and
• the groups to which the parties to the agreement or
conduct belong.
Competition Commission of Singapore
06
07
Leniency Programme
Cartels are agreements between market players to fix prices and/or limit
supply. Cartels restrict competition since there is little or no incentive
for cartel members to lower prices or provide better quality goods or
services through operating efficiently or investing in technology and
innovative processes.
Cartels are generally secret. CCS’ leniency programme would give
cartel members an incentive to come forward and inform CCS of the
cartel activities. The leniency applicant may be an organisation or a
person. Once the criteria for leniency are met, leniency applicants will
be granted full immunity or reductions in financial penalties. CCS will
keep the identity of all leniency applicants confidential.
For more information on the Leniency Programme and the application
procedures, please contact us at our hotline: 1800 325 8282.
Championing Competition for GROWTH and CHOICE
Benefits of Competitive Markets
Competitive markets benefit:
a) Businesses
• Become more efficient and innovative as they respond to
consumers’ needs; and
• Compete based on their merits on a level playing field.
b) Consumers
• Enjoy a wider choice of products and services; and
• Enjoy products and services at competitive prices.
c) Economy
• Becomes more vibrant as competition leads to more
efficient and dynamic businesses.
Competition Commission of Singapore
08
Get in Touch with Us
You can reach us either at our hotline: 1800 325 8282
or send us an email at [email protected]
Competition Commission Of Singapore
5 Maxwell Road #13-01
Tower Block MND Complex
Singapore 069110
Tel: 6325 8200 Fax: 6224 6029
Hotline: 1800 325 8282
www.ccs.gov.sg