Nominee

Compliance Plus? Proposed Fine Reductions for Audited, Strengthened Compliance Programmes

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"Key Points:- Compliance is fundamental to reducing competition law infringements but in-house counsel often face difficulties in getting the appropriate level of support and budget for effective competition law compliance.
- Within the context of settlements, the European Commission could support future increased compliance efforts by companies by granting a limited reduction in fine for auditable and enforceable commitments offered by companies for those increased future efforts.
- This proposal is straightforward, realistic, and easily and quickly implementable in the context of the existing legal framework. It benefits both the European Commission in terms of an enhanced management and optimisation of its internal resources and companies in terms of financial resources, which can be planned and spread over the years, for additional antitrust compliance."