Singapore’s competition watchdog has sought public feedback on proposed changes to two key guidelines that would streamline merger reviews and overhaul settlement procedures for anti-competitive cases, according to a statement on Monday.
The proposed changes are aimed at giving businesses clearer guidance on competition rules in Singapore, while cutting review times and compliance costs.
The Competition and Consumer Commission of Singapore (CCS) said in the statement that it plans to amend its merger procedure guidelines to introduce a streamlined track for deals unlikely to raise competition concerns, aiming to shorten review times and ease compliance costs.
CCS added that it also proposed a new settlement procedure guideline to replace its existing fast-track process for anti-competitive cases. The changes include increasing the maximum settlement discount and clarifying the regulator’s position if a party appeals after settling.
The consultation, which follows a periodic review of the Competition Act, closes on November 17.
CCS said the updates are intended to provide greater clarity and efficiency while maintaining robust enforcement. The guidelines were last revised in 2021.
Reuters
