Podcast
Questions and Answers
The European Commission operates completely independently of political influence when enforcing competition rules.
The European Commission operates completely independently of political influence when enforcing competition rules.
False (B)
Before 2004, only the European Commission could enforce EU competition law.
Before 2004, only the European Commission could enforce EU competition law.
True (A)
The establishment of the National Markets and Competition Commission (CNMC) in Spain led to a decentralization of competition law enforcement.
The establishment of the National Markets and Competition Commission (CNMC) in Spain led to a decentralization of competition law enforcement.
False (B)
Regional authorities in Spain possess the same level of power and jurisdiction as the CNMC in competition matters.
Regional authorities in Spain possess the same level of power and jurisdiction as the CNMC in competition matters.
The CNMC has the authority to impose financial penalties on companies found in violation of antitrust laws.
The CNMC has the authority to impose financial penalties on companies found in violation of antitrust laws.
The CNMC operates with complete autonomy, without any oversight from other governmental bodies, even in major cases.
The CNMC operates with complete autonomy, without any oversight from other governmental bodies, even in major cases.
The CNMC's primary role is to promote specific companies, giving them advantages over their competitors.
The CNMC's primary role is to promote specific companies, giving them advantages over their competitors.
If the European Commission and the National Markets and Competition Commission (CNMC) both investigate the same case, the CNMC must defer to the European Commission's decision.
If the European Commission and the National Markets and Competition Commission (CNMC) both investigate the same case, the CNMC must defer to the European Commission's decision.
The CNMC's merger review process focuses solely on the size of the companies involved, not the potential impact on market competition.
The CNMC's merger review process focuses solely on the size of the companies involved, not the potential impact on market competition.
The establishment of the CNMC in 2013 eliminated all regional competition authorities in Spain.
The establishment of the CNMC in 2013 eliminated all regional competition authorities in Spain.
Flashcards
European Commission
European Commission
Enforces competition rules at the EU level, but its decisions are sometimes seen as politically influenced.
National Competition Authorities
National Competition Authorities
Since 2004, they can enforce EU competition law alongside the European Commission.
CNMC
CNMC
Centralized Spanish body responsible for competition law enforcement since 2013.
CNMC's Powers
CNMC's Powers
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Purpose of CNMC merger reviews
Purpose of CNMC merger reviews
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Independence of CNMC
Independence of CNMC
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Study Notes
- EU competition rules are enforced by the European Commission.
- The European Commission's decisions have been called politically motivated.
- National competition authorities can enforce EU competition law since 2004, per Regulation 1/2003.
- In Spain, competition law enforcement was centralized under the National Markets and Competition Commission (CNMC) in 2013.
- Some Spanish regions have regional authorities, but they have limited powers.
CNMC's Powers
- The CNMC investigates and can fine companies for antitrust violations.
- It reviews mergers and acquisitions to prevent market dominance.
- The CNMC operates independently from the government.
- Cases of greater consequence are passed to the Council of Ministers.
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