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URCA 03/2023 – Revision of the Competition Guidelines

The Competition Guidelines set out URCA’s Competition Policy and are intended to assist

Licensees, and other interested persons, in understanding how the competition provisions would

apply in practice with regards to procedural and substantives aspects, and to determine if their

conduct are complying with these rules. They also provide guidance on how a competition

complaint may be submitted.

As part of this review, URCA has taken into account, amongst others, its experience from the

application of the Competition Guidelines to date, as the current state and foreseeable

developments in the ES and ECS, and competition guidelines adopted elsewhere. This is to ensure

that any insights gained from the practical applications of the Guidelines are taken into account

and that the converged Guidelines remain fit for purpose. Additionally, by reviewing competition

guidelines in other jurisdictions that share similar characteristics or with a well-established

Competition Law doctrine, URCA aims to align its Competition Guidelines with international best

practices.

The purpose of this consultation is to: (i) present URCA’s proposed revisions to the Competition

Guidelines; and to (ii) invite feedback from all relevant persons on the proposed revision.

https://urcabahamas.bs/wp-content/uploads/2023/12/URCA-Draft-Competition-Guidelines-Consultation-Document-032023-1.pdf

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