Republic of Cyprus

Leniency Programme

Cartels aim at coordination of competitive behavior and constitute the most serious infringements of competition law, since they have a detrimental effect in relation to the wider economy, by removing incentives from businesses deterring them from operating effectively and innovating. Cartel practices usually have as a shope: fixing purchase or selling prices or other trading conditions, the allocation of production or sales quotas, the sharing of markets including bid-rigging, the restriction of imports or exports or/and other anti-competitive actions against other competitors.

The Leniency Programme (Immunity from and Reduction of Administrative Fines in cases of Restrictive Collusions Infringing Section 3 of the Law or/and Article 101 of the TFEU (Leniency Programme) Regulations, of 2011 (P.I. 463/2011)) is the legal framework that defines the leniency or full exemption from administrative fines of an undertaking and/or associations of undertakings wishing to cooperate with the Commission for the Protection of Competition to uncover illegal cartels, which are prohibited by Section 3 of the Protection of Competition Law and Article 101 of the Treaty for the Functioning of the EU.

The Leniency Programme basically codifies the procedure, the conditions and the criteria for granting an exemption or reduction of the administrative fine imposed by the Commission for the Protection of Competition to an undertaking or association of undertakings.

If you are undertaking and/or association of undertakings which have been involved in a cartel, the Leniency Programme of the Commission for the Protection of Competition offers you the chance for exemption or reduction of the administrative fine provided that you will help to reveal the cartel under the conditions laid down in the Regulation.

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