FAS Scored Good in Rating Enforcement of Competition Authorities
OREANDA-NEWS. June 25, 2012. The Federal Antimonopoly Service has moved up two points in the Rating Enforcement of competition authorities, reported the press-centre of FAS Russia.
Global Competition Review prepared 2011 Rating Enforcement of competition authorities. It covered 40 competition authorities; FAS scored 17 - 30 (in 2010 the scores were 19 - 29), sharing the same position with competition authorities of Austria, Portugal, Sweden, the Czech Republic, Hungary, Poland, Brazil, South Africa and some others.
FAS was assigned 3 stars under the five-star rating and scored “Good”.
Global Competition Review pointed out “stability of FAS work”, which was encouraged by “great efforts the authority has made on the fulfillment of its primary duties”. It also mentioned significant efforts undertaken by the agency to improve competition law, increase the size of fines, particularly, for cartels, strengthen competition advocacy, including events and meetings organized on a regular basis in order to discuss the latest achievements and the best practices in competition enforcement.
Global Competition Review also emphasizes “transparency and openness” of Russian antimonopoly authority: FAS “has a great variety of materials, information on the authority’s activities and other competition-related information on its website official web-site. Great attention is paid to international best practice, and a lot of time is dedicated to participation in international organisations and cooperation through bilateral agreements with other competition authorities. The FAS was the first authority to get full certification for its central office under the ISO 9001:2008 standard for organisations, which allows the authority to communicate more easily with other international authorities and organisations”.