A Special Committee on Competition Meeting chaired by the Malaysia Competition Commission (“MyCC”) convened its 9th meeting since established in 2012. Six (6) members of the Committee, consisting of the Malaysian Communications and Multimedia Commission (MCMC), Energy Commission (EC), Bank Negara Malaysia (BNM), Securities Commission (SC), Malaysian Aviation Commission (MAVCOM) and Intellectual Property Corporation of Malaysia (MyIPO) attended the meeting. Representatives of these regulators attended the meeting to discuss interjurisdictional issues on competition and to address competition related complaints that involve other regulators. This is pertinent for the development and consistent application of competition laws and policies.

The key issue discussed during the meeting was the provisions on Mergers and Acquisitions (M&A) which have been the main focus area of MyCC in its plan to amend the relevant Acts. MCMC and MAVCOM are of the opinion that any laws or guidelines on M&A that will be introduced by MyCC in the near future should have similarities with each other in order to achieve consistency in the implementation of M&A policies.