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Hong Kong's Competition Ordinance and the Insurance Industry (Course Code: 2601(II)) Presenter: Giovanna Kong Partner, Stephenson Hardwood Biography of speaker: Giovanna Kong has represented insurers,

How to fill out hong kongs competition ordinance

How to fill out Hong Kong's Competition Ordinance:

1. Familiarize yourself with the content of the Competition Ordinance. Read through the document thoroughly to understand its provisions, objectives, and any specific requirements for filling out forms or submitting information.
2. Determine if you fall under the scope of the Competition Ordinance. The ordinance applies to various entities and individuals engaged in economic activities in Hong Kong, including businesses, trade associations, professional bodies, and individuals involved in mergers, acquisitions, or anti-competitive practices.
3. Identify the specific forms or notifications that need to be filled out. Depending on your situation, you may need to complete different forms, such as merger notification forms, exemption applications, or complaint forms. Visit the website of the Competition Commission or seek professional advice to ensure you select the correct forms.
4. Gather all the necessary information and supporting documents. Be prepared to provide detailed information about the economic activities involved, market shares, financial statements, relevant contracts, and any other relevant information requested in the forms.
5. Carefully complete the forms or notifications. Follow the instructions provided, paying close attention to accuracy and completeness. Fill in all required fields and attach the requested supporting documents in the prescribed format.
6. Review and double-check the filled-out forms for any errors or missing information. Ensure that all the information provided is truthful and accurate to the best of your knowledge.
7. Submit the completed forms and necessary documents to the Competition Commission. Follow the specified submission procedures, such as online submission, mail, or in-person delivery. Take note of any deadlines for submission and ensure you meet them.
8. Keep a record of your submission. Make copies of all the forms, supporting documents, and communications related to the filing. Maintain a proper filing system to track important dates and updates.

Who needs Hong Kong's Competition Ordinance:

1. Businesses operating in Hong Kong: Companies and enterprises engaged in economic activities, including manufacturing, distribution, retail, or services, are subject to the provisions of the Competition Ordinance.
2. Trade associations and professional bodies: Associations or organizations representing specific industries or professions may need to comply with the ordinance, particularly in relation to conducting industry-specific practices or making collective decisions.
3. Individuals involved in mergers and acquisitions: Parties participating in mergers, acquisitions, or joint ventures that may have an impact on competition in Hong Kong must comply with the Competition Ordinance's merger control regime.
4. Individuals engaging in anti-competitive practices: Individuals or companies engaging in anti-competitive practices, such as price-fixing, market sharing, or abusing a dominant market position, can be subject to investigation and enforcement under the Competition Ordinance.
5. Consumers and competitors: The Competition Ordinance aims to protect the interests of consumers and promote fair competition. Consumers and competitors, whether businesses or individuals, are indirectly benefited by the enforcement of the ordinance to prevent anti-competitive behavior and ensure a level playing field.

For pdfFiller’s FAQs

What is hong kongs competition ordinance?

The Hong Kong Competition Ordinance is a legislation that aims to prevent anti-competitive practices and promote fair competition in the market.

Who is required to file hong kongs competition ordinance?

Any business or company operating in Hong Kong that meets the specified turnover thresholds is required to file the Competition Ordinance.

How to fill out hong kongs competition ordinance?

To fill out the Hong Kong Competition Ordinance, businesses need to provide detailed information on their business operations, market share, pricing strategies, and any potential anti-competitive practices.

What is the purpose of hong kongs competition ordinance?

The purpose of the Hong Kong Competition Ordinance is to ensure a level playing field for businesses, protect consumer interests, and enhance economic efficiency.

What information must be reported on hong kongs competition ordinance?

Businesses must report information related to their market share, pricing strategies, relationships with competitors, and any potentially anti-competitive behavior.

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