The draft auto AML guidelines explained
汽车业反垄断
April 14, 2016 | BY
Katherine Jo &clp articlesChina's antitrust regulator has set firm standards in an industry long criticized for market power imbalances among car manufacturers, distributors and suppliers. The new rules require thorough compliance checks and reexamining of all vertical relationships 中国反垄断监管机构已针对长期受制造商、经销商和供应商间市场力量失衡诟病的汽车业设立严格标准。新规定要求对所有垂直关系进行全面合规检查和复查。
Automakers in China must revisit their compliance standards and contracts with all their suppliers and distributors, as the latest draft antitrust rules target the industry's cross-vertical relationships and set out dos and don'ts for all players involved.
The National Development and Reform Commission (NDRC)'s Anti-monopoly Guidelines for the Automotive Industry (Draft for Comments), issued on March 23, provide exemptions for certain monopoly agreements and outline anti-competitive practices.
“Industry players will need to audit and conduct self-compliance reviews regarding their sales policy and supply and distribution structures, including those for after-sales services, spare parts, maintenance and manufacturing,” said Susan Ning, head of antitrust and international trade at King & Wood Mallesons. “The draft covers all these relationships and clearly identifies each link in the chain,” she said.
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