Timber by EMSIEN-3 LTD

Competition Policy

Competition law forbids:

* cartels and other potentially anti-competitive agreements; and
* abuse of a dominant position

Examples of cartels include agreements to fix prices or share markets. Examples of other potentially anti-competitive agreements include where a distributor agrees with its supplier not to sell below a particular price.

Examples of abuse of a dominant position include a dominant business charging prices so low that they do not cover the costs of the product or service sold with the aim of driving out competitors and then increasing prices again and/or refusing to supply an existing or long-standing customer without objective justification.

Depending on which territory the a particular CRT NSB is operational, specific regulations in line with the CRT policy and domestic / or wider international law will dictate the level acceptable activity a business, organization or individual may or may not be permitted to conduct, it should be noted that as a base rule, competition law is in place to ensure fair trade and increase competition activity.

Duty to self-report

Regulated firms should bring their own actual and possible contraventions to the CRT’s attention via their countries partnering NSB as they are obliged to do under the terms and conditions of their CRT accreditation.

Leniency

Under leniency arrangements, those who have participated in cartel activity can choose to give detailed confessions of their infringements in return for significant reductions or complete immunity from penalties for that infringement. We expect leniency applications to be made directly to the NSB in the partnering country or territory. Guidance on how this is achieved can be found via your regional NSB.

Report competition law infringements

We welcome information from industry participants, representative groups and the public about practices/conduct that may infringe competition law.

To open an investigation under CRT policy regulations once must ensure: 

there are reasonable grounds to suspect an infringement of CRT competition law policy, and if it is appropriate to allocate resources via the respective NSB to a case. The relevant NSB will review your complaint, reach a decision on whether or not to open an investigation and notify you of the decision. All information we receive will be handled in accordance with the relevant privacy and data protection laws and other legislation designed to protect individual privacy and commercial confidentiality.