Leniency agreements are commonly offered by competition authorities to encourage entities engaging in anti-competitive conduct to come forward with information to assist with investigations; leniency is indeed generally regarded as one of the most successful tools for uncovering cartels, many of which are secret in nature. Draft leniency policy Under the Competition Ordinance ("Ordinance"), which is due to come into force on 14 December 2015, the Hong Kong Competition Commission ("HKCC") may, in exchange for a person's co-operation in an investigation, make a leniency agreement not to bring or continue proceedings for a pecuniary penalty for a breach of the conduct rules. On 23 September 2015, HKCC published a draft Leniency Policy for Undertakings Engaged in Cartel Conduct ("Draft

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