Rulemaking powers expanded to prescribe procedures for combination filings, penalties, settlements and public consultation. Amendments enlarge section 64 rulemaking authority to prescribe procedures and forms for determining substantial business operations, notices and filing ... Summary
Rulemaking powers expanded to prescribe procedures for combination filings, penalties, settlements and public consultation.
Amendments enlarge section 64 rulemaking authority to prescribe procedures and forms for determining substantial business operations, notices and filing timelines for combinations and acquisitions, exceptions for exercising rights by acquirers, details for show cause notices, methods for determining turnover or income, processes for proposing modifications to combinations, rules for imposition and withdrawal of lesser penalties, income determination for penalties, and forms, fees, timelines, implementation, monitoring and procedures for settlement and commitments, including publication particulars and public comment periods.
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