Competition law compliance definition

What is competition compliance?

systematic and active approach to run a. business in compliance with the written. legal and unwritten fair rules of competition. and minimize the risk of infringement of. law..

Why comply with competition law?

2.

1. Competition law is designed to protect businesses and consumers from anti-competitive behaviour, and safeguard effective competition.
All businesses must comply with competition law and there can be serious consequences for businesses and individuals, including directors, for non-compliance.

Why is competition compliance important?

An effective compliance strategy enables a company to minimise the risk of involvement in competition law infringements, and the costs attached to anti-competitive behaviour..