Sector regulators meet to discuss competition

KUALA LUMPUR: The Malaysia Competition Commission (MyCC) held a special committee meeting recently to discuss issues related to the competition law and policy to ensure consistency in the application of the law between sector regulators.

It also discussed issues on cross-jurisdictional matters.

The special committee consists of various regulators including the Malaysia Communications and Multimedia Commission (MCMC), Energy Commission (EC), National Water Services Commission, Land Public Transport Commission, Bank Negara Malaysia, Securities Commission Malaysia, Malaysian Aviation Commission (Mavcom) and Intellectual Property Corporation of Malaysia.

“It is important for us, the sector regulators, to meet and discuss any anti-competition issues that may arise between regulators.

“There is a need for coherence between competition policies and regulatory policies to enhance consumer welfare and economic efficiency,” MyCC chairman Datuk Seri Mohd Hishamudin Md Yunus said.

He said some complaints received by MyCC were beyond its jurisdiction, and therefore needed to be redirected to the relevant regulators.

Mohd Hishamudin said MyCC was planning to invite the EC, Mavcom and MCMC to collaborate on advocacy activities in order to enlighten the public on the respective regulators’ jurisdiction.

The commission has also started the process of amending its laws which include introducing new provisions on mergers and acquisitions and is targeting to gather views from the SC, Mavcom, MCMC and Bursa Malaysia. — Bernama