Library / PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS
PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS
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114 3. Legal Basis 3.1 This Decision is made under: (a) Section [insert relevant section] of the Petroleum Industry Act, 2021; (b) Part [insert part] of the Midstream and Downstream Petroleum Industry Competition Regulations, 2025; and (c) The Leniency Policy, 2025, consistent with the FCCPC Leniency Rules, 2022. 4. Final Leniency Determination 4.1 Based on the findings and cooperation provided, the Authority hereby determines that the Applicant is entitled to the following leniency benefits: Option A – Full Immunity (if applicable): • The Applicant is granted 100% immunity from financial penalties under the Regulations. Option B – Partial Leniency (if applicable): • The Applicant is granted a fine reduction of [XX]%, as determined under the Fine Reduction Table (Schedule II). 4.2 This leniency benefit is conditional upon continued compliance with any outstanding obligations set forth in this Decision. 5. Additional Obligations The Applicant shall: (a) Implement and maintain an effective compliance programme to prevent recurrence; (b) Submit periodic compliance reports to the Authority for a period of [X years]; (c) Cooperate with the Authority in any related proceedings against other parties to the infringement. 6. Confidentiality 6.1 The identity of the Applicant and the information provided shall remain confidential, subject to the Confidentiality and Disclosure Protocol (Schedule IV). 6.2 Where disclosure is legally required or necessary for due process, the Authority shall apply proportional safeguards.
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