THE Competition Act 2010 (CA 2010) has been in force for over a year, and yet there are still a large number of businesses that are not complying with its provisions. Is this because they do not understand how it applies to their businesses or is it because they are part of an even larger number that still do not know of its existence. Either way, the Malaysia Competition Commission (MyCC) is concerned.
The CA 2010 received royal assent on June 2, 2010, but did not come into force until Jan 1, 2012. This 18-month moratorium was deliberate as the Government wanted to give businesses sufficient time to understand the new law and to make any changes required to their business practices.
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