Singapore Law Blog

A new statutory board, the Competition Commission of Singapore (CCS), will be set up on 1 January 2005, under the Ministry of Trade and Industry, to administer and enforce the Competition Act 2004.

The press release states:-

2. The functions and duties of the CCS shall be to:
(a) remove or limit practices that have adverse effect on competition in Singapore;
(b) maintain and enhance efficient market conduct and promote competition in markets in Singapore;
(c) act internationally as the national body representative of Singapore in respect of competition matters; and
(d) advise the Government or other public authority on national needs and policies in respect of competition matters generally.

The CCS will have powers to investigate and adjudicate anti-competitive activities. It will also have the powers to impose sanctions.

3. The prohibition provisions in the Competition Act 2004 will come into effect in phases, starting from 1 Jan 2006. This is to allow time for the CCS to build up its resources and capabilities to perform its enforcement duties when the
prohibition provisions come into effect.

4. The board members of the CCS are in the enclosed list. Mr Lam Chuan Leong, who is the Second Permanent Secretary (Special Projects), Ministry of Finance, will be the Chairman of the CCS. Mr Ng Wai Choong, Deputy Secretary
(Industry), Ministry of Trade and Industry, will concurrently hold the position of Chief Executive Officer of the CCS.

5. For more information, please visit CCS's website at http://www.ccs.gov.sg.