Government bill proposes changes to competition law
On 24 May 2018, the Finnish Government issued a government bill (HE 68/2018), proposing changes to the Finnish Competition Act. According to the bill, an obligation to separate accounting records shall be added to the Competition Act, obligating public entities (i.e. municipalities, federations of municipalities, provinces, the state, and any entity under their command) to keep independent accounting records of their economic activities on a competitive market. Additional obligations for public entities regarding allocation, documentation and follow-up of earnings and costs are included as well. The aim of the provision is to strengthen competition neutrality, i.e. to remove the competitive advantages public entities may have due to their status.
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