www.ccs.gov.sg 31 january 2013 leniency fundamentals – how to design & implement an effective...
TRANSCRIPT
www.ccs.gov.sg
31 January 2013
Leniency Fundamentals – How to Design & Implement an Effective Leniency Program
Outline
www.ccs.gov.sg
1. Introduction to CCS
3. CCS’ Leniency Regime – Key Features
5. Practical Challenges
2. Implementation of Leniency Regime
4. Outreach & Advocacy
6. Improvements & Revisions
www.ccs.gov.sg
Introduction to CCS
Competition Commission of Singapore (CCS)
Statutory body under Ministry of Trade and Industry
Implement and enforce the Competition Act
Powers of the CCS
Investigate any infringement
Decide on infringements
Impose sanction
www.ccs.gov.sg
Implementation of Leniency Program
2005
2006
2008
2009
MarCompetition Act comes
into Force
CCS begins enforcement of the Act
Study and Review of Leniency programs from
other jurisdictions
CCS introduces Leniency Guidelines Formally
www.ccs.gov.sg
CCS’ Leniency Regime – Key Features
i. Leniency Programme since 2009
ii. 1 successful leniency case - Electric Works Case
iii. Increasing trend of international cartel applications
iv. Challenges
www.ccs.gov.sg
CCS’ Leniency Regime – Key Features
i. Immunity from Financial Penalties for 1st applicant
ii. Up to 50% reduction for subsequent applicants
iii. Initial contact & Marker System
iv. Invited Leniency
v. Leniency Plus
Outreach & Advocacy – Before Implementation
www.ccs.gov.sg
CCS Guidelines on Lenient Treatment for Undertakings coming forward with
Information on Cartel Activity
• Educating Businesses
• Ensuring Internal Framework / Processes strong
• Safeguards
Outreach & Advocacy – After Implementation
www.ccs.gov.sg
• Guidelines• Manga Comics• Information
Booklets• Talks to
Stakeholders• Animation
Contests• Website Links
i. Information Sharing
ii. Different Enforcement Regimes
iii. Right against self-incrimination
Cooperation
i. Processii. Identity of
Individualiii. Identity of
Undertaking
Practical Challenges
www.ccs.gov.sg
Confidentiality
i. Big MNCsii. Due Diligenceiii. Own statement or
Applicant’s
Managing Applicant
Contra
Pro
Pro Arguments
Potential for quicker resolution
Enhances effectiveness
Coordination of Investigations
Capacity Building
Contra Arguments
Criminal vs Civil Regimes Privilege against self-incrimination Disincentive to seek leniency Divergence in leniency frameworks
www.ccs.gov.sg
Practical Challenges
www.ccs.gov.sg
Improvements & Revisions
i. Periodic Review – Guidelines
ii. Update of Internal Procedure Manuals
iii. Alignment of Processes
www.ccs.gov.sg
Harikumar Sukumar PillayDeputy Director (Enforcement)
Legal & Enforcement
Championing Competition for growth and choice
Email: [email protected]
Thank you. Questions?