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Japan electricity association revamps antitrust compliance after regional power cartel

( September 14, 2023, 03:13 GMT | Official Statement) -- MLex Summary: The Federation of Electric Power Companies of Japan has announced the findings of its internal investigation after the antitrust regulator requested improvement in the group’s compliance measures following its regional power market cartel case. In a statement yesterday, the federation said that while it found no evidence of members exploiting their ties made through the federation to illegally exchange information as the regulator pointed out, it found there were exchanges before and after federation-sponsored meetings took place. Newly adopted compliance measures include submissions of antitrust compliance commitment by power company employees dispatched to the federation, implementation of compliance officers, and rules restricting contact among rival companies during federation meetings. The statement, in Japanese, is attached:...

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