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SYNTHESIS
Frederic Jenny began by reminding the difference between competition law and sectoral regulations. Sectoral regulations are an ex ante instrument whereas competition law is an ex post instrument. Regulations are applicable to a specific sector, whereas competition law is usually applicable across sectors. As long as competition law ensures that competition is sufficiently effective, competition law will apply. However, sectoral regulation will apply where competition law is insufficient or inadequate to address competition problems. There are several possible models of relationships between sectoral regulators and competition authorities. For example, in Asia, sectoral regulations existed before the competition authority was installed. In Australia, the competition authority is also a sectoral regulator in some sectors.
