Overview

In a free market economy, competition drives efficiency and innovation, and directs businesses to meet consumer demands by providing the right products at the right price and quality. The Competition Ordinance, which came into full effect in December 2015, is designed to promote competition and prohibit anti-competitive practices in Hong Kong. With case sharing, the speaker will introduce the key elements of the Ordinance and discuss relevant implications for the financial services sector.

Objective

By the end of the seminar, participants will be able to know:
1) First Conduct Rule and Second Conduct Rule under the Competition Ordinance
2) Competition cases in Hong Kong
3) Red flags of anti-competitive practices
4) Policies for undertakings and individuals:
- Leniency Policies
- Cooperation and Settlement Policy
- Policy on Recommended Pecuniary Penalties

Content

- Key elements of the Competition Ordinance
- Dos and don’ts under the Ordinance
- Red flags of anti-competitive practices
- Leniency Policies and Cooperation Policy
- Policy on Recommended Pecuniary Penalties
- Case sharing
- Q&A

Who should attend

Industry practitioners and professionals, especially regulators, auditors and licence holders, who would like to gain a general knowledge of Hong Kong’s competition law