The European Commission Carries Out Unannounced Antitrust Inspections In The Financial Services Sector

On September 23, 2024 the European Commission (“Commission”) published on its official website the press release that Commission is carrying out unannounced antitrust inspections at the premises of companies active in the financial services sector in two Member States.

 According to the press release;

• The Commission is concerned that the inspected companies may have violated EU antitrust rules, which prohibit restrictive business practices.
• The inspections target financial derivatives and serve as a preliminary step in investigating potential anticompetitive practices. The occurrence of these inspections does not imply that the companies have engaged in anticompetitive behavior.
• There is no legal deadline for completing investigations into anticompetitive conduct; the duration depends on various factors, including the complexity of the case, the level of cooperation from the companies, and the exercise of defense rights.

You can reach further information here.

Kind regards,

Zumbul Attorneys-at-Law

info@zumbul.av.tr