| Author (Corporate) | European Commission: DG Communication |
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| Series Title | Press Release |
| Series Details | IP/06/1288 (29.9.06) |
| Publication Date | 29/09/2006 |
| Content Type | News |
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The European Commission has adopted draft amendments to its Notice on Immunity from Fines and Reduction of Fines in Cartel Cases (the 2002 Leniency Notice). The proposed amendments take stock of issues that have arisen during the four years of application of the 2002 notice and are in line with the European Competition Network’s (ECN) Model Leniency Programme that was also launched on 29 September 2006. The heads of Member States’ competition authorities will use their best efforts to align their leniency programmes on the Model Programme, and these changes to the notice show the Commission’s determination to do so quickly. These developments move towards a one stop leniency shop by harmonising the procedure and requirements for leniency applications, to make it easier for companies to apply for leniency when it is not clear which authority will take the case forward. The changes to the Commission’s Notice also introduce a marker system and clarify the information an applicant needs to provide to benefit from immunity as well as the conditions for immunity and reduction of fines. They also include a corporate statements procedure that takes into account comments made during public consultation on an initial proposal launched in February 2006. Interested third parties are invited to comment on the Commission proposal by 27 October 2006, before it is finally adopted by the Commission. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/1288&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
