Lesser penalty rules define applicant, priority status and vital disclosure determining cartel leniency eligibility and designated authority roles.

Regulation 2 defines key terms for lesser penalty applications: an Applicant is an enterprise that was a cartel member seeking leniency; cartel, Commission, Director General and company are given their statutory meanings; a designated authority is an officer authorized by the Chairperson; priority status denotes an applicant's place in the lesser penalty queue; and vital disclosure requires full and true information sufficient to enable a prima facie view of cartel existence. Undefined terms take meanings from the Act, rules or company law.

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