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This edition of the Update covers: 1. Recent legal and regulatory developments, including the release of ASIC's immunity policy for market misconduct offences, a FATF. ....
iTWire Friday, 09 April 2021 11:30 NZ Commerce Commission revises cartel leniency, immunity policy Featured Anna Rawlings, Commerce Commission Chair New Zealand’s competition enforcement agency, The Commerce Commission, has issued a revised cartel leniency and immunity policy and revised template leniency agreement. The cartel leniency and immunity policy has been updated to reflect changes to the Commission’s cartel leniency policy resulting from the introduction of the new criminal cartel offence which As reported earlier by iTWire, the Commerce Commision has got tougher on the country’s cartels, with cartel conduct - including price fixing, market allocation and bid rigging - now punishable with a term of imprisonment of up to 7 years. ....
Business Scoop » Commission Issues Updated Cartel Leniency Policy scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Friday, 9 April 2021, 9:21 am The Commerce Commission has issued its revised cartel leniency and immunity policy and revised template leniency agreement. The cartel leniency and immunity policy has been updated to reflect changes to the Commission’s cartel leniency policy resulting from the introduction of the new criminal cartel offence which came into effect on 8 April. “The Commission will continue to consider applications for leniency in relation to civil proceedings for cartel conduct. However, only the Solicitor-General can grant immunity from criminal prosecution. Our updated Cartel Leniency and Immunity Policy explains how the Commission will continue to grant leniency in respect of civil proceedings, and how it will make ....
The corporate watchdog will now offer immunity from prosecution for people who have manipulated the stock market. On Wednesday, the Australian Securities and Investments Commission (ASIC) revealed its new immunity policy. The new rules indicate that if certain criteria are met, those who conspired with others to breach the Corporations Act can apply for both criminal and civil immunity. Such breaches can include serious share market offences like insider trading, market manipulation and dishonest conduct. Those offences can attract up to 15 years in jail, a fine of $1 million or a penalty of 3 times the benefit derived from the crime. “The Immunity Policy enhances ASIC’s ability to identify and take enforcement action against complex markets and financial services contraventions,” ASIC commissioner Sean Hughes said. ....