The Malaysia Competition Commission Announces Quantum of Fees for Exemption Applications Under the Competition Act

30 Apr 2012

It was reported that the Malaysia Competition Commission (“MyCC”) announced on 27 April 2012 that a RM50,000 (S$20,400) fee would be payable for parties seeking to make an application for an exemption. In addition to the one-time application fee, parties who successfully obtain an exemption will have to pay an annual fee of RM10, 000 (S$4,100) for those under individual exemptions, or RM20,000 (S$8,200) for those under block exemptions.

The Malaysia Competition Act 2010 (“Act”) provides that companies may apply to MyCC for relief from section 4 of the Act (against anti-competitive agreements), under an individual or block exemption. It appears that MyCC has supplemented the details in its draft guidelines (which merely state that a “prescribed fee” would be payable for those seeking to apply for an exemption), with the announcement of the quantum of fees via the media on 27 April 2012.

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