First Conduct Rule definition

First Conduct Rule means — parties acting together with an agreement, and/or engaged in a concerted practice, whose object or effect is “to prevent, restrict or distort” competition in Hong Kong
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First Conduct Rule means — parties acting together with an agreement, and/or engaged in a concerted practice, whose object or effect is “to prevent, restrict or distort” competition in HK
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First Conduct Rule means the prohibition imposed by section 6(1) of Competition Ordinance.
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Examples of First Conduct Rule in a sentence

  • An agreement that contravenes the First Conduct Rule is not restricted to an agreement between competitors.

  • Where more than one person constitutes the undertaking that the Commission has a reasonable cause to believe has contravened the First Conduct Rule, the Commission may issue an infringement notice to any or all of the persons it proposes to bring proceedings against for the undertaking’s contravention of the First Conduct Rule.

  • While the First Conduct Rule prohibits undertakings from entering into anti-competitive agreements, enforcement actions under the Ordinance may only be addressed to persons who have contravened or have been involved in a contravention of a competition rule.

  • The First Conduct Rule applies where there is an agreement or concerted practice.

  • This Subject Arrangement had the object of harming competition in Hong Kong and constitutes a contravention of the First Conduct Rule in section 6 of the Ordinance.

  • The Commission should be (and in our view is) obliged to prove to the requisite standard before the Tribunal not only that the agreement prevents, restricts or distorts competition but also that it is not excluded from the First Conduct Rule.

  • The First Conduct Rule may be contravened where there is a trilateral or multilateral agreement between two or more commercial customers and their common supplier.7 In this context, it does not matter whether or not the customers themselves ever had any direct contact.

  • It seems that the First Conduct Rule Guidelines should refer to this definition although the Competition Authorities may clarify that bid-rigging activities other than those covered by the Ordinance itself may fall within the definition of Serious Anti-competitive Conduct (including market allocation, output control or price fixing).

  • Paragraph 3.24 of the Revised Draft Guideline on the First Conduct Rule gives some guidance on how market power of the parties to an agreement will be assessed.

  • Therefore, the Competition Authorities may not be able to further define it as Section 5.4 of the First Conduct Rule Guidelines appears to do.

Related to First Conduct Rule

  • SIFT Rules means the provisions of the Tax Act, including those contained in sections 104, 122 and 122.1 of the Tax Act, which apply to the taxation of a “specified investment flow through trust” and its unitholders.

  • Conduct Regulations means the Conduct of Employment Agencies and Employment Businesses Regulations 2003;

  • Exchange Rules means the listing rules of The OTC Marketplace.

  • Improper Conduct means conduct which offers any obstruction to the deliberations of proper action of Council.

  • Market Rules means the rules, regulations, customs and practices from time to time of any exchange, clearing house or other organization or market involved in the conclusion, execution or settlement of a Contract any exercise by any such exchange, clearing house or other organization or market of any power or authority conferred on it.

  • Insider Trading Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • PRA Rules means the Rules included within the PRA handbook issued by the PRA.

  • Trading Rules means the Rules and Regulations of the Exchange prescribed by the Stock Exchange from time to time; and

  • HIPAA Privacy Rule as defined in 45 CFR Part 164, Subparts A and E.

  • HIPAA Rules means the Privacy, Security, Breach Notification, and Enforcement Rules at 45 CFR Part 160 and Part 164.

  • The HIPAA Privacy Rule means the Standards for Privacy of Individually 10 Identifiable Health Information at 45 CFR Part 160 and Part 164, Subparts A and E.

  • Relevant Rules means, at any time, the laws, regulations, requirements, guidelines and policies relating to capital adequacy (including, without limitation, as to leverage) then in effect in the United Kingdom including, without limitation to the generality of the foregoing, as may be required by CRD IV or BRRD or any applicable successor legislation or any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and applicable to the Issuer from time to time and any regulations, requirements, guidelines and policies relating to capital adequacy adopted by the Relevant Regulator from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer or to the Issuer and any of its holding or subsidiary companies or any subsidiary of any such holding company).

  • Unfair conduct means an act or omission by a Member or its financial representative that significantly impairs, or is likely to significantly impair, the ability of a Client to make an informed transactional decision and includes –