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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17. Termination of Settlement Process 
 
(1) The Authority may terminate the settlement process at any stage where: 
    (a) The applicant fails to cooperate; 
    (b) The applicant provides false or misleading information; 
    (c) The applicant fails to comply with agreed timelines; or 
    (d) Public interest requires continuation of enforcement proceedings. 
 
18. Enforcement of Settlement Agreement 
 
(1) A Settlement Agreement shall have binding legal effect as if issued in a final 
decision of the Authority. 
(2) Breach of a Settlement Agreement shall expose the applicant to 
reinstatement of the original investigation, full penalties, and additional 
sanctions. 
 
 
Part VII – Miscellaneous 
 
19. Collaboration with Other Authorities 
 
The Authority may, in administering this Guideline, collaborate with the FCCPC, 
sector regulators, or international competition authorities in order to ensure 
effective enforcement. 
 
20. Review and Amendment 
 
The Authority may review and amend this Guideline periodically to reflect 
changes in law, international best practice, or sectoral developments. 
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SCHEDULE 6 
Regulation 111(1) 
 
ANNUAL COMPETITION COMPLIANCE REPORT TEMPLATE 
(To be submitted annually by all licensees operating in the midstream and downstream 
petroleum sectors) 
 
PART A: COMPANY PROFILE AND MARKET OPERATIONS