CCCS affirms closer cooperation with international competition agencies under ICN Framework on Competition Agency Procedures
30 May 2019
The Competition and Consumer Commission of Singapore (“CCCS”) announced on 16 May 2019 that it has joined the International Competition Network (“ICN”) Framework on Competition Agency Procedures (“CAP”) as a founding member. Under CAP, CCCS will cooperate closer with participating competition agencies on fundamental principles of fair and effective procedures which are essential to the effective application of competition law. CAP allows participating competition agencies to engage in dialogues to better understand each other’s processes.
Daren Shiau, Partner and Co-Head of Allen & Gledhill’s Competition & Antitrust Practice and Singapore’s first-appointed non-governmental advisor at ICN, observes that “CCCS has been a proponent of closer international collaboration with other agencies. Following on from the closer cooperation on cross-border investigations and merger reviews, the current move to include procedural matters is a natural progression”.
By way of background, the ICN Steering Group members approved CAP on 3 April 2019. CAP is an “opt-in” framework, open to all competition agencies (including non-ICN members), that aims to be an implementation tool to advance basic fairness principles among all competition authorities. ICN is a working collaboration of the world’s competition authorities to promote convergence in competition policy and law. CCCS is a member of ICN. Further information on CAP, can be found on the ICN website www.internationalcompetitionnetwork.org or by clicking here.
The CCCS press release is available from the CCCS website www.cccs.gov.sg by clicking here.