Section 34 prohibits agreements, decisions and concerted practices which have as their
object or effect, the prevention, restriction or distortion of competition. In short, Section 34
is the anti-competitive agreement prohibition.
Section 47 prohibits the abuse of a market player’s dominant position. In short Section 47
is the abuse of dominance prohibition.
Both these sections will come into effect on 1 January 2006.
Section 54 deals with the prohibition of mergers which have resulted or may result in a
substantial lessening of competiti on within any market in Singapore for goods and
services. It will come into effect much later and in 2007.