Duties and Powers of the Competition Board
- Conducting examinations, inquiries and investigations, upon request or on its own initiative, concerning the practices and legal transactions prohibited in this Act; in case it is found that the provisions of this Act have been violated, taking necessary measures to terminate such violations and imposing administrative fines on those responsible,
- Assessing exemption and negative clearance requests of those concerned, granting certificates of exemption and negative clearance to suitable agreements,
- Constantly monitoring the markets related to the exemption decisions taken and negative clearance certificates issued in order to re-evaluate the applications of those concerned in case a change in these markets or in the conditions of the parties is detected,
- Authorizing mergers and acquisitions,
- Appointing the Vice-Presidents and the Chief Legal Advisor on the proposal of the President,
- Issuing communiqués and making the necessary regulations related to the implementation of this Act,
- Rendering opinions, directly or on the request of the ministry, concerning the amendments to be made in the legislation related to competition law,
- Monitoring the legislations, practices, policies and measures in other countries related to anti-competitive agreements and decisions,
- Establishing the personnel policies of the Authority, monitoring the implementation thereof, conducting appointment transactions of the personnel,
- Approving the annual budget, final income-expenditure accounts and annual work programs prepared by the Presidency, deciding to make transfers among the accounts in the budget if necessary,
- Preparing an annual report on its work as well as on the situation and developments in the areas related to its duties,
- Discussing and deciding about proposals concerning purchases, sales and leases including the purchase of movable and immovable properties and fixtures; making the necessary regulations thereon,
- Taking decisions concerning all kinds of transactions concerning debits, rights and loans of the Authority in relation to third parties,
- Carrying out other duties entrusted by the Act.
