MyCC tells professional bodies to dismantle scale of fees

The Malaysia Competition Commission (MyCC) has issued letters to four professional bodies requiring them to dismantle their scale of fees in order to uphold the spirit of competition law.

MyCC was of the view that scales of fees fixed by professional bodies were contrary to the provision of Competition Act 2010 (CA 2010).

It said the Malaysian Institute of Arbitrators (MIArb) had already dismantled their scale of fees.

"Setting of fees by professional bodies who are not empowered by any law to do so was an infringement under CA 2010" MyCC Chief Executive Officer Dr Mohd Khalid Abdul Samad said, in a statement.

He said the dismantling of anti-competitive regulatory restrictions in the respective sectors would result in consumers benefiting from competitive prices and better-quality of services.

The Competition Act 2010 came into force on Jan 1, 2012 and all parties concerned should have, by now, complied with the provision of the Act.

MyCC has given each professional body up to 30 days to comply with its requirements for the dismantling of the fees.

As part of the engagement process with the professional bodies on the fixing of scale of fees, MyCC conducted a public consultation session on May 19, 2014.

MyCC conducted a study on professional bodies which is available on MyCC’s website at www.mycc.gov.my.