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The regulation aims to encourage companies and other entities that violate the Competition Law to reverse their actions and collaborate with the ARC in investigations.
The Competition Regulatory Authority (ARC) has approved the Regulation of the Leniency Regime, an instrument that establishes the rules and procedures for processing requests for a reduction in fines applied by the ARC.
The regulation aims to encourage companies and other entities that violate the Competition Law to reverse their actions and collaborate with the ARC in investigations.
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The document states that the approved diploma applies to misdemeanour proceedings conducted by the ARC regarding agreements restricting competition, decisions by associations of companies, and concerted practices between companies, provided that their purpose or effect is to prevent, distort, or significantly restrict competition in all or part of the national market.
