The Turkish Competition Authority submits to public consultation the Regulation Project on Fines to apply in cases of violations of the Act on the Protection of Competition

Article 16 entitled “Administrative Fine” of the Act on the Protection of Competition No. 4054 (“Competition Act”) regulates fines for undertakings, associations of undertakings and employees and/or administrators of such undertakings or associations of undertakings, who engage in anti-competitive activities banned under Articles 4, 6 and 7 of the Competition Act. The same article also states that the criteria to be taken into account when determining fines will be determined in communiqués to be issued by the Competition Board (“Board”). Within this scope, the Regulation on Fines to Apply in Cases of Agreements, Concerted Practices and Decisions Limiting Competition and Abuse of Dominant Position (“Regulation” or “Regulation on Fines”) entered into force by being published in the Official

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Ercüment Erdem, The Turkish Competition Authority submits to public consultation the Regulation Project on Fines to apply in cases of violations of the Act on the Protection of Competition , 17 January 2014, e-Competitions January 2014, Art. N° 66392

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