Commercial Law Competition Act

Analysis based on whether MyCC has met its Objectives or not

The Malaysian Competition Commission has pushed hard ever since its establishment, to achieve and attain its objectives. The MyCC (in its infancy) has made significant strides forward. The previous twelve (12) months did not just represent the MyCC’s first full year of operation, but demonstrated the tireless efforts involved in creating the framework for the enforcement of the Competition Act 2010. Appendix 1 displays MyCC’s Milestones dating from 2010-2012.

The MyCC has performed hard to accumulate attentiveness and educate the Malaysian public, businesses and government on the presence of the Competition Act 2010, in addition to exactly what it signifies. Since the beginning of the year 2011, the MyCC has executed more than sixty (60) seminars, focused at a wide selection of interest groups from SMEs to government procurement officers to trade, not to forget business associations. This advocacy work persists with SME and big-rigging roadshows planned for 2013 (Ministry of Domestic Trade, Co-operatives and Consumerism, 2014).

On the contrary, countless corporations are still not aware of the presence of the law, on the other hand, others presume it does not relate to them, which becomes worrying facts. It could be that some companies who attended the seminars have not distributed the relevant information whilst others think that their counterparts will not be interested or it is not of their concern. To aid the publicized at large to comprehend the Competition Act 2010, the MyCC has publicized six (6) sets of guidelines conveying precisely how key provisions of the legislation will be interpreted (refer to appendix 2 for a brief view of the 6 guidelines). A handbook for the general public, a simplified non-legal guide to the Competition Act 2010 was publicized. Efforts are underway to publish a guide for businesses that bears the capability to offer more in-depth information about how the...