Tag: Applications to Reduce a Fine
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Receiving the evidence
Initial contacts and receiving the evidence/applicationThe 2002 Leniency Notice does not prescribe how an undertaking must apply for a reduction of a fine. It is sufficient that the undertaking provides the Commission with evidence of significant added value. However, the 2006 Notice specif…
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Reductions of fines
Introductory: special features of the procedure for reductions of finesEvidence submitted by successive applicants is examined in the order in which it has been submitted. The largest band of reduction is awarded to the first undertaking to provide evidence representing significant added va…
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Outline of the procedure
Outline of the procedureOnce the application has been received, the first step should be to prepare a written acknowledgement of receipt (if the applicant so requests) (see Section 4.3.2 below).More about Outline of the procedureSecond step is to verify whether the evidence submitt…
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Granting a reduction of fines
Decision indicating the Commission's intention to grant a reduction of finesOnce a preliminary conclusion has been reached that the evidence submitted constitutes significant added value, the Commission will issue a decision informing the applicant of its intention to apply a reduction …
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Acknowledgement of receipt
Acknowledgement of receiptTiming: After the immunity application has been filed and a case number has been obtained (see Section 4.2 above), if so requested by the undertaking, DG Competition will acknowledge receipt of the application. This should preferably occur on the first working day …