Irish competition watchdog gets more teeth today as new law takes effect 

The Competition and Consumer Protection Commission can now levy fines of €10m or 10% of a firm's global turnover, and can unwind mergers or acquisitions arranged without its clearance

Under the Competition (Amendment) Act 2022, the CCPC can issue civil fines of up to €10m, or 10% of a firm’s global turnover, for breaches of Irish and EU competition law. Picture: Simon Dawson/Bloomberg

The competition watchdog has gained more powers to issue fines for breaches and anti-competitive behaviour as an EU directive comes into operation today.

The Competition and Consumer Protection Commission (CCPC) can now issue civil fines of up to €10m, or 10% of a company’s annual worldwide turnover, for breaches of Irish and EU competition law under the Competition (Amendment) Act 2022.