KUALA LUMPUR, Nov 17 (Bernama) -- The Malaysia Competition Commission (MyCC) is in the midst of finalizing two market reviews namely pharmaceutical and building materials in the construction industry under the Competition Act 2010 (hereinafter “CA 2010”). The objectives of the market reviews are to identify the market structure, supply chain and competition level within the respective sectors.
 
The softcopy of the said market reviews are made available on the MyCC website at www.mycc.gov.my starting from 17 Nov 2017 until 7 Dec 2017 and public can submit their comments directly through the MyCC website. The MyCC shall give due consideration to any written submission made by the stakeholders and public.
 
The MyCC in exercise of the powers conferred by Section 11(1) of the CA 2010 may on its own initiative or upon the request of the Minister to conduct a review into any market in order to determine whether any feature or combination of the features of the market prevents, restricts or distorts competition in the market to identify the market structure, supply chain and competition level within the sector.
 
Pursuant to section 12 of the CA 2010, the MyCC shall publish a report of its findings and recommendations on its website at www.mycc.gov.my upon the conclusion of the market review.

About Malaysia Competition Commission (MyCC)

Established in June 2011, MyCC is an independent body responsible for enforcing the  Competition  Act  2010,  which  was  implemented  to  create  healthy  competition which would in turn stimulate productivity and innovation, thus creating wider choices of products for consumers with better quality and reasonable prices.

The Act applies to all commercial activities undertaken within and outside Malaysia that affect competition in the Malaysian market. It provides a regulatory framework including powers to investigate, adjudicate and impose penalties on the perpetrators of the competition laws. For more information on the Act and the MyCC’s activities, log on to www.mycc.gov.my

Please click here for ANNEXE A

Source : Malaysia Competition Commission (MyCC)

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