The Competition and Consumer Protection Commission (CCPC) has invited interested parties to share their views by 5pm on Friday 20 September 2024.

The draft settlement procedure outlines the watchdog’s proposed approach to entering into discussions and agreeing a settlement with parties under investigation for a suspected breached of competition law.

The Competition (Amendment) Act 2022, which came into operation last year, expanded the CCPC’s power to enforce EU and Irish competition law and introduced several changes to how competition law is enforced in Ireland.

The changes included empowering the CCPC to fine businesses who are found to have breached competition law.