In today’s evolving regulatory environment, the practices and requirements of antitrust authorities are increasing in complexity. To minimise the risk of antitrust law violations, it is vital to establish a robust antitrust compliance system.
Steps toward Building an antitrust compliance system:
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Analyse the structure, activities and external perimeter of a legal entity to form a map (tree) of antitrust risks. Identified risks are subject to gradation and qualification.
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Create or amend local regulations in order to preclude antitrust law violations. In particular, regulations on the compliance department, internal risk management policies, and job descriptions of those responsible for control over the antitrust compliance system are developed individually.
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Organisation of training sessions for company managers and employees.
Antitrust compliance is a comprehensive system designed to reduce a company’s risk of committing antitrust law violations. It helps prevent reputational and financial losses, including by avoiding substantial turnover-based fines. The system ensures the company operates within the bounds of the antitrust regulations, protecting its long-term business interests.