On 9 August 2013, the President of Finland confirmed the amendment of the Finnish Competition Act adopted by the Finnish Parliament. A new Section 4(a) containing a specific definition of a dominant position in the daily consumer goods sector has been added to the Act. According to the new section, a dominant position shall be deemed to be held by one or more business undertakings or association of undertakings holding at least a 30 per cent market share in the market for retail trade of daily consumer goods in Finland. This definition is an exception to Section 7 of the Competition Act under which the existence of a dominant market position is assessed on a case-by-case basis, based on competition conditions within the relevant markets. According to the Government Bill, the Finnish daily consumer goods sector is one of the most concentrated in Europe, with the two largest players, Kesko and S-Group, holding a joint market share of over 80 per cent. Despite this, they have not – individually or jointly - been considered to be in a dominant position under the current provisions of the Competition Act. As a result of this amendment, however, both aforementioned retailers will be considered to be in a dominant market position and they will, therefore, have to refrain from certain business practices considered abusive. The amendment will enter into force on 1 January 2014.Source: Finnish Competition Authority Press Release (www.kkv.fi) 08/08/2013 and the Act on amending the Competition Act (586/2013).