Singapore antitrust commission unveils fast-track rules with higher penalty discounts
( June 19, 2026, 10:22 GMT | Official Statement) -- MLex Summary: Singapore's competition watchdog on Friday published new Fast Track Procedure Guidelines, effective July 1, that increase discounts on financial penalties to as much as 30 percent for businesses that agree to resolve investigations into suspected cartel conduct or abuse of dominance. The Competition and Consumer Commission of Singapore said the revised framework streamlines the application and approval process, provides a faster route to case closure and delivers procedural efficiencies. Businesses must agree to the commission's proposed financial penalty when signing a Fast Track Agreement, while any subsequent appeal will result in the loss of the discount.Statement follows....
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