The Secretary for Commerce and Economic Development, Mr. Gregory So, has announced the commencement dates for certain key provisions of the Competition Ordinance in a Competition Ordinance (Commencement) Notice published in the Hong Kong Government Gazette on 23 November 2012.
Provisions of the Ordinance broadly relating to the setting up of the Competition Commission, including its composition and the appointment of members, and allowing for the publication of substantive and procedural guidelines, will come into operation first on 18 January 2013. In due course, these guidelines will provide some much-needed certainty with regards to how the law will impact businesses in Hong Kong, and shape the compliance efforts for the business sector going forward.
Other provisions relating to the setting up of the Competition Tribunal and appointment of members as Judicial Officers will come into operation subsequently on 1 August 2013.
The establishment of the Competition Commission in January 2013 will be a significant milestone as we move toward full enforcement of the Conduct Rules, through investigations and ultimately the prosecution of cases before the Tribunal.