A PYMNTS Company

Parliament passes bill creating Bangladesh Competition Commission

By  |  June 17, 2012

The Bangladesh Parliament has passed a bill establishing the Bangladesh Competition Commission (BCC). The BCC, comprised of a chair and four members, will be headquarted in Dhaka. It will investigate anticompetitive practices on its own or upon submitted complaints. The bill provides for sanctions for noncompliance with BCC orders: a maximum of a one-year prison sentence, or a fine of Tk 1 lakh per day for each day of noncompliance.

Full content: The Daily Star

 

Related content: The International Competition Community at Work

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.