The Romanian Competition Authority prosecutes fourteen private pension funds for client sharing agreements in violation of the sector specific regulation (Aegon)

On 7 September the Romanian Competition Authority (CC) [1] held that fourteen private pension funds have infringed Article 101(1) TFEU by dividing their clients in violation of the sector specific regulation which prescribed a different procedure for the assignment of clients. The Romanian pension system is based on the three pillars: Pillar I (mandatory public pension), Pillar II (mandatory private pension) and Pillar III (voluntary private pension). The Private Pension System Supervisory Commission (CSSPP) [2] acts as a sector regulator which issues and revokes licenses of the private pension funds. At the time of the investigation there were eighteen undertakings licensed by the CSSPP to administer private

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  • University of Macau - Faculty of Law (Macau)

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Alexandr Svetlicinii, The Romanian Competition Authority prosecutes fourteen private pension funds for client sharing agreements in violation of the sector specific regulation (Aegon), 7 September 2010, e-Competitions Effect on interstate trade, Art. N° 32906

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