www.ccs.gov.sg Implementation of Leniency Program 2005200620082009 Mar Competition 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 1 st applicant ii.Up to 50% reduction for subsequent applicants iii.Initial contact & Marker System iv.Invited Leniency v.Leniency Plus
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.Process ii.Identity of Individual iii.Identity of Undertaking Practical Challenges www.ccs.gov.sg Confidentiality i.Big MNCs ii.Due Diligence iii.Own statement or Applicant’s Managing Applicant
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 Pillay Deputy Director (Enforcement) Legal & Enforcement Championing Competition for growth and choice Email: firstname.lastname@example.org_pillay@ccs.gov.sg Thank you. Questions?