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Promoting Competition, Protecting You The Malaysia Competition Commission (MyCC) is an independent body established on 1 April 2011 under the Competition Commission Act 2010 to enforce the Competition Act 2010. Its main role is to protect the competitive process for the benefit of businesses, consumers and the economy. The Chairman of the Commission was appointed in April 2011, while five members from the private sector and four other members representing the Government were appointed in May 2011. The executive arm of the Commission, headed by a Chief Executive Officer, was appointed on 1 June 2011. Main Functions The Competition Commission Act 2010 empowers the MyCC to carry out functions such as implementing and enforcing the provisions of the Competition Act 2010, issuing guidelines in relation to the implementation and enforcement of the competition laws, acting as advocate for competition matters; carrying out general studies in relation to issues connected with competition or particular sectors in the Malaysian economy; and informing and educating the public regarding the ways in which competition may benefit consumers in, and the economy of, Malaysia. In addition to enforcing the Competition Act 2010, the Commission’s role includes, among others: • Advising the Government or any public or regulatory authority on all matters concerning competition • Advising the Government on the impact of current or proposed legislation on competition in the Malaysian economy • Undertaking studies and market reviews in relation to issues concerning competition generally in certain sectors of the Malaysian economy • Issuing guidelines in relation to the implementation and enforcement of the competition laws. Competition Act 2010 (CA 2010) The CA 2010 was enforced in Malaysia from January 2012. Except for anti-competitive practices regulated under the Communications and Multimedia Act 1998 and the Energy Commission Act 2001, the CA 2010 provides a comprehensive competition law at national level, which cuts across all economic sectors. It applies to all commercial activities within Malaysia and abroad as long as the activities have an impact on competition in the Malaysian market. There are two prohibitions in the Act: anti-competitive practices and the abuse of a dominant position. Prohibited anticompetitive practices are horizontal and vertical agreements between enterprises which have the object or effect of significantly preventing, restricting or distorting competition in any market for goods or services. An abuse of a dominant position by an enterprise, whether individually or together with other enterprises would include among others, imposing an unfair purchase or selling price, limiting or controlling production, and tying or bundling activities. Vision We shall be the authority nurturing and driving a conducive competition culture. We shall be a credible, reliable and efficient functional authority and partner, acknowledged for our high organisational strength and capability in reforming the business environment from a competition standpoint. Mission To ensure a conducive competition culture in line with international best practices. We shall nurture and drive such a culture through the education of stakeholders and the effective application on the competition law without fear or favour. www.mycc.gov.my www.facebook.com/theMyCC www.youtube.com/MyCompetitionNews Tan Sri Dato’ Seri Siti Norma Yaakob, Chairman of the MyCC


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