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LAWS OF MALAYSIA Act 712 COMPETITION ACT 2010 An Act to promote economic development by promoting and protecting the process of competition, thereby protecting the interests of consumers and to provide for matters connected therewith. [1 January 2012, [P.U.(B) 410/2010] ] W HEREAS the process of competition encourages efficiency, innovation
Legislation. The Competition Act 2010 prohibits anti-competitive agreements and the abuse of dominant position in the market. The Act has been in force since 1 January 2012.
Apr 18, 2024 · The Malaysia Competition Commission (MyCC) was established on 1 April 2011 with the purpose of enforcing the Competition Act 2010 (CA 2010). The Competition Commission safeguards the process of free and fair competition in commercial markets for the benefit of consumer welfare, efficiency of enterprises and the development of the economy as a ...
Aug 15, 2016 · Feb 2016 Subsidiary Legislation. Aug 2016 *Reprint Online. Apr 2024 Subsidiary Legislation. Prev. Next. 10 Jun 2010 Publication Date: 10/06/2010 Royal Assent Date: 02/06/2010 Commencement Date: 01/01/2012 Commencement Remark: 01-01-2012 [P.U. (B) 410/2010] Total Act Views. 31 Dec 2013. Total Act Views.
Aug 1, 2018 · The Competition Act 2010 (“Act”) which came into force on 1 January 2012, has a significant impact on how businesses should carry out their daily activities so as not to infringe the various anti-competition prohibitions under the Act.
In brief. On 25 April 2022, the Malaysia Competition Commission (" MyCC ") launched an online public consultation on proposed amendments to the Malaysian Competition Act 2010 (" Act "). Key amendments include (i) introduction of a merger control regime; and (ii) amendments to increase MyCC's investigation and enforcement powers and enhance its ...
The Competition Act prohibits agreements between enterprises that have either the object or effect of significantly preventing, restricting or distorting competition in Malaysia.
Sep 13, 2022 · The Malaysia Competition Commission ("MyCC") 1 has embarked on an amendment exercise for the Competition Act 2010. On 25 th April 2022, MyCC published its proposed amendments to the Competition Act in the form of a consultation paper and a separate document which presents the salient points of the proposed amendments.
Jul 13, 2022 · The Malaysia Competition Commission (MyCC) launched an online public consultation on proposed amendments to the Malaysian Competition Act 2010 in April, which included the introduction of a merger control regime. This is a highly anticipated antitrust development in Malaysia, given that there are...
The Competition Act 2010 (CA 2010) was enacted by the Parliament of Malaysia in May 2010 and came into effect on 1 January 2012. It is implemented by the Malaysia Competition Commission (MyCC), which was established under the Competition Commission Act 2010. The CA 2010 is intended to enhance: Consumer welfare.
