Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah launched the Competition Commission Brunei Darussalam (CCBD) website alongside four guidelines of the Competition Order during the Customer Appreciation Day at the Ministry of Finance and Economy recently.
The website www.ccbd.gov.bn contains details on the key prohibitions of the Competition Order, updates on CCBD’s activities as well as complaint mechanisms and leniency application.
The minister also launched four competition guidelines related to the enforcement of the Anti-Competitive Agreements or Cartels prohibition (Section 11) that began this year.
It includes the Guidelines on Anti-Competitive Agreements; Guidelines on Complaint Procedures; Guidelines on Extension of Transitional Period and Guidelines on Leniency. It contains details to help business and public understand how the law is interpreted and enforced in promoting business compliance.
The Guidelines on Anti-Competitive Agreements incorporate the examples of business agreements that may adversely affect competition process in the marketplace and practical recommendations for business compliance.
The Guidelines on Complaint Procedures describe the complaint mechanisms and process in handling complaints.
Meanwhile, the process and procedures for cartel members to break up a cartel, in exchange for immunity from the financial penalty, are prescribed in the Guidelines on Leniency.
The Guidelines on Extension of Transitional Period include the rules and procedures for applications relating to extension of the transitional period. This is only applicable for agreements that were made before June 1, 2019.
The CCBD website and the four competition guidelines are key initiatives to promote understanding and business compliance, to steer away from anticompetitive conducts that are collectively done among businesses, specifically, Price Fixing, Market Sharing, Supply Control and Collusive Tendering.
The guidelines can also be accessed through CCBD’s website.