CI competition authorities sign international agreement

Wednesday 17 July 2019

Guernsey and Jersey's competition regulators - the GCRA and JCRA - have become members of a global initiative to promote procedural fairness and transparency.

The Framework on Competition Agency Procedures (CAP) was established by the International Competition Network following a meeting at the OECD in Paris last year.

By joining the CAP, each competition agency commits to adhere in good faith to the fundamental principles on procedural fairness.

The procedures ensure all parties are aware of their obligations and rights when a competition investigation takes place.

"The creation of the CAP, bringing together prior consensus principles and new implementation tools, illustrates the close collaboration within the international competition community and the level of support, confidence and trust placed in the ICN," said ICN Chair Andreas Mundt. "My thanks go to all agencies involved and it is a great pleasure to invite all competition agencies to be part of the CAP."

Chief Executive of CICRA, Michael Byrne added: "The framework is a remarkable achievement which we wholeheartedly support. We have joined it to demonstrate our universal commitment to transparency and procedural fairness and look forward to working with similar agencies around the world implementing the framework."

The CAP adds a cooperation process which sees participating agencies engage to better understand each other's processes. The framework also includes important transparency provisions allowing regulators to publish their procedural rules.

The ICN is a working collaboration of the world's competition authorities to promote convergence in competition law and policy.

You can find the CAP on the ICN's website here.