Competition Bureau Seeks Feedback on New Guidance for Market Studies
Context:
The Competition Bureau of Canada (Bureau) is seeking public feedback on its draft guidance for market studies, which are investigations conducted by the Bureau to examine competitive conditions in specific markets. This guidance aims to enhance the transparency and predictability of the Bureau’s market study process.
Background:
Market studies are an essential tool for the Bureau to assess market concentration, barriers to entry, and other factors that may hinder competition. The Bureau conducts market studies to identify and address anti-competitive practices, promote market efficiency, and protect consumer welfare.
Draft Guidance:
The draft guidance provides detailed information on the following aspects of market studies:
- Scope and objectives
- Initiation and conduct of studies
- Information gathering and analysis
- Reporting and publication
- Confidentiality and stakeholder engagement
Key Changes:
The draft guidance introduces several key changes to the Bureau’s existing approach to market studies, including:
- Enhanced transparency: The guidance provides clear and accessible information about the Bureau’s market study process, including the criteria for initiating studies and the types of remedies that may be recommended.
- Greater predictability: The guidance establishes timelines for key steps in the market study process, providing greater certainty for stakeholders.
- Stakeholder engagement: The Bureau emphasizes the importance of stakeholder engagement throughout the market study process, including opportunities for submissions and participation in consultations.
Public Consultation:
The Bureau is inviting public feedback on the draft guidance through a consultation process that will close on March 3, 2023. Interested parties can submit their comments through the Bureau’s website or by mail to:
Competition Bureau Consultation Branch Place du Portage IV, Phase I, 5th Floor 50 Victoria Street, Gatineau QC K1A 0C9
Significance:
The new guidance on market studies is a significant step towards enhancing the transparency, predictability, and effectiveness of the Bureau’s competition enforcement efforts. By providing clear guidelines for stakeholders, the Bureau aims to foster a more competitive and innovation-driven Canadian economy.
Competition Bureau seeks feedback on the new guidance for market studies
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