The Romanian Competition Authority makes binding commitments made by the Central Depository on registry services to securities issuers (Depozitarul Central)

Since 2010, following the amendment of the Romanian Competition Law no.21/1996, the Romanian Competition Council (“RCC”) has been able to accept legally binding commitments offered by companies in order to address the concerns relating to potential infringements of competition law. The acceptance of commitments leads to the closing of the investigation with respect to the alleged anti-competitive conduct without any fine against the investigated parties. However, the failure to comply with the commitments' decision will be sanctioned with a fine in amount of up to 10% of the company's annual turnover. On 11 December 2012, the RCC announced that it had adopted a decision accepting the behavioral commitments offered by SC Depozitarul Central (the Romanian Central Depository, “RCD”), to

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Authors

  • Nestor Nestor Diculescu Kingston Petersen (Bucharest)
  • Nestor Nestor Diculescu Kingston Petersen (Bucharest)

Quotation

Georgeta Dinu, Adelina Roman, The Romanian Competition Authority makes binding commitments made by the Central Depository on registry services to securities issuers (Depozitarul Central), 11 November 2012, e-Competitions Bulletin November 2012, Art. N° 57305

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