Preliminary View on Proposed Amendment of Competition Act 2010
16 July 2015 | Source: Malaysia Competition Commission (MyCC)
The Malaysia Competition Commission (the MyCC) proposes to review and amend the Competition Act 2010 [Act 712] and Competition Commission Act 2010 [Act 713]. Please refer to Appendix 1 for the proposed amendments of both Acts.

The proposed legislative amendments are only available in English version for the purpose of Stage 1 Online Public Engagement. Therefore, the MyCC invites all relevant stakeholders and any other interested parties to participate in this process and submit their comments or feedback using the attached Online Public Engagement Feedback Form in Appendix 2.

The MyCC is responsible for publishing this Online Public Engagement which is in line with the government's commitment to ensure that the process is transparent and has taken into account the comments or feedback of the relevant stakeholders.

The basic fundamental of the Competition Act 2010 is to promote economic development by promoting and protecting the interests of consumers and to provide for matters connected therewith. The objective of the introduction of Competition Act 2010 is also to ensure that enterprises compete freely and fairly between each other in operating their businesses.

The Competition Commission Act 2010 establishes the Malaysia Competition Commission (MyCC) and empowers the MyCC to implement and enforce the Competition Act 2010.

The power vested on the MyCC are among others; to carry out various roles which includes advocacy, investigations and enforcement, conducting market review, granting exemptions and leniency.

Please submit your comments or feedback via email to lu@mycc.gov.my with the subject title "Online Public Engagement" or by fax at +603 2272 1692 on or before 31 July 2015. The hardcopy of the Feedback Form can also be sent to the mailing address mentioned below on or before 31 July 2015.

Malaysia Competition Commission (MyCC)
Level 15, Menara SSM@Sentral,
No. 7 Jalan Stesen Sentral 5,
Kuala Lumpur Sentral,
50623 Kuala Lumpur
MALAYSIA

Tel : +603-2273 2277 ext 110 or 203
Fax : +603-2272 1692

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