Rules and Regulations to Implement the Philippine Competition Act

The Implementing Rules and Regulations (IRR) of the Philippine Competition Act provide for the functions of the Philippine Competition Commission. They enumerate the prohibited acts which constitute anti-competitive agreements and abuse of dominant position. The IRR of the Philippine Competition Act further provide for the threshold when notification of a merger or acquisition which may lead to an anti-competitive agreement is compulsory. They define control, anti-competitive agreement and conduct, and dominance in the market.