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← Competition Act 2004

Competition Act 2004 s 60B

s 60B Effect of commitments

60B.—(1) Where the Commission has accepted a commitment under section 60A(1), and subject to subsection (4), the Commission must make a decision that —(a) the section 54 prohibition will not be infringed by an anticipated merger, if carried into effect; or (b) the section 54 prohibition has not been infringed by a merger, as the case may be. [23/2007; 15/2018] (2) Where the Commission has accepted a commitment under section 60A(2) in relation to an agreement, and subject to subsection (4), the Commission must make a decision that the section 34 prohibition has not been infringed by the agreement.[15/2018] (3) Where the Commission has accepted a commitment under section 60A(3) in relation to any conduct, and subject to subsection (4), the Commission must make a decision that the section 47 prohibition has not been infringed by the conduct.[15/2018] (4) Nothing in subsection (1), (2) or (3) prevents the Commission from revoking the decision already made, commencing or continuing any investigation, or making a decision or giving a direction, where —(a) it has reasonable grounds for suspecting that any information on the basis of which it accepted a commitment was incomplete, false or misleading in a material particular; or (b) it has reasonable grounds for suspecting that a party who provided a commitment has failed to adhere to one or more of the terms of the commitment.[23/2007; 15/2018] (5) If the Commission revokes a decision referred to in subsection (1), (2) or (3), the commitment is treated, unless otherwise stated, as released from the date of that revocation.[23/2007; 15/2018] (6) The Commission may review the effectiveness of commitments it has accepted under section 60A in such circumstances as it considers appropriate.[23/2007]

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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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