Vestager wants to streamline competition rules

EU Competition Commissioner Margrethe Vestager wants to revise the legal basis for her investigations into market power abuse and cartel agreements. Regulation 1/2003 is to be evaluated in the coming months, Vestager announced yesterday at a conference. The aim, she said, is to review, through stakeholder consultation, what works well about the rules in place since 2004 “and where there is scope for more efficient and effective procedures and enforcement tools to ensure that Regulation 1 is truly fit for the digital age.”

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