Competition regulator approves more lenient penalties

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, as provided for in article 26 of the Regulation of the Competition Law. According to the Club of Mozambique, 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, according to a press release received by Notícias Online. The document states that the approved regulations 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. ‘It also applies to the request of a party involved in an anti-competitive practice, which has not yet been the subject of a misdemeanour proceeding,’ the document reads.

Full report on the Club of Mozambique site