The Malaysia Competition Commission (MyCC) was established on 1 April 2011 with the purpose of enforcing the Competition Act 2010 (CA 2010). The Competition Commission safeguards the process of free and fair competition in commercial markets for the benefit of consumer welfare, efficiency of enterprises and the development of the economy as a whole.
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On July 1962, Malaysia to have a Pre-agreement consultation in London, and to resolve the differences between the Cobbold Commission and the Malayan reports. As a result, the agreement has been amended and the acceptance of the Malaya’s proposal. The primary draft for the Inter-Government Committee is known as Landsdowne Committee, as a new constitution.
The Malaysia Competition Commission (MyCC) is an independent body established under the Competition Commission Act 2010 to enforce the Competition Act 2010. Its main role is to protect the competitive process for the benefit of businesses, consumers and t.
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It also applies to all commercial activity within Malaysia and those outside of Malaysia which have consequences on competition in any market in Malaysia. Anti-competitive practices are divided into 2 main prohibitions, (a) Anti-competitive agreements and (b) Abuse of dominant position. The Malaysia Competition Commission is established to enforce the implementation of the Act. Its main role.
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