What is the purpose of introducing independent monitoring agencies for order compliance by the Competition Commission
Competition Commission introduces independent monitoring agencies for order compliance.
- Independent monitoring agencies help ensure that the orders issued by the Competition Commission are being followed effectively.
- They provide unbiased oversight and verification of compliance with competition regulations, reducing the chances of potential violations going unnoticed.
- By having independent agencies monitor compliance, it increases transparency and accountability in the enforcement of competition laws.
- This arrangement also helps in building trust and credibility in the enforcement process, as the monitoring is perceived to be conducted objectively and impartially.
- Overall, the introduction of independent monitoring agencies strengthens the enforcement mechanisms of the Competition Commission and enhances the effectiveness of competition regulations.
Answered
9 months ago