Library / MDPPACPB Regulations
MDPPACPB Regulations
Page 39 of 127
39 shall constitute a rebuttable presumption of tacit collusion, subject to investigation under this Regulation. (5) Obligations on Shared or Outsourced Systems Licensees relying on third-party software vendors or shared algorithmic platforms must ensure: (a) That such tools are not designed to coordinate pricing or optimize collective market behaviour; (b) That contractual terms include warranties of compliance with the Act, Federal Competition and Consumer Protection Act, and this Regulation; and (c) That data inputs and outputs do not create real-time transparency or signalling that enables collusive behaviour. (6) Monitoring and Audit Powers: The Authority may: (a) Require submission of algorithmic pricing methodologies, decision rules, and change logs for review; (b) Conduct audits of AI pricing systems to detect coordination risks; (c) Direct licensees to modify or suspend use of any pricing tool found to have anticompetitive effects. (7) Penalties and Remedial Measures: A violation of this Regulation shall attract the following regulatory measures: (a) Administrative fines as stipulated in Part XVII of these Regulations; (b) Mandatory reprogramming or suspension of the algorithmic system; (c) Public disclosure and notification obligations where harm to market competition is proven. 34. Prohibition on Misuse of Competitively Sensitive Information (1) Obligation of Confidentiality and Fair Use Any licensee, particularly those in a dominant or vertically integrated position, who obtains access to competitively sensitive information of actual or potential rivals including through joint ventures, shared infrastructure, supply relationships, or industry coordination mechanisms—shall not misuse such information to distort, restrict, or unduly influence competition in any petroleum market. (2) Definition of Competitively Sensitive Information For purposes of this Regulation, competitively sensitive information includes but is not limited to: (a) Non-public data on rivals’ shipping schedules, product volumes, or infrastructure access requests; (b) Market expansion strategies, pricing intentions, or investment plans obtained through contractual, operational, or regulatory interfaces; (c) Technical, commercial, or customer data disclosed under confidentiality obligations or joint market operations. (3) Prohibited Conduct The following actions shall constitute a violation of this Regulation where based on misuse of sensitive information: (a) Pre-emptive or retaliatory market actions by affiliated business units based on non-public rival data;
RegulationsPDF202639