Page:Competition Ordinance (Cap. 619).pdf/75

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PART 9 Division 1—Establishment, Functions and Powers 129. Establishment of Commission

(1) There is established, by virtue of this section, a body to be known as the Competition Commission.

(2) The Commission is a body corporate and may—
 * (a) acquire, hold and dispose of movable and immovable property;
 * (b) sue and be sued in its own name; and
 * (c) so far as is possible for a body corporate, exercise all the rights

and powers, enjoy all the privileges and incur all the liabilities of a natural person of full age and capacity.

(3) Schedule 5 (which contains constitutional, administrative and financial provisions) has effect with respect to the Commission.

130. Functions of Commission

The Commission has the following functions—
 * (a) to investigate conduct that may contravene the competition rules and enforce the provisions of this Ordinance;
 * (b) to promote public understanding of the value of competition and how this Ordinance promotes competition;
 * (c) to promote the adoption by undertakings carrying on business in Hong Kong of appropriate internal controls and risk management systems, to ensure their compliance with this Ordinance;
 * (d) to advise the Government on competition matters in Hong Kong and outside Hong Kong;
 * (e) to conduct market studies into matters affecting competition in markets in Hong Kong; and
 * (f) to promote research into and the development of skills in relation to the legal, economic and policy aspects of competition law in Hong Kong.

131. Powers of Commission

(1) The Commission may do all such things as appear to it to be necessary, advantageous or expedient for it to do for, or in connection with, the performance of its functions.