Regulations on Immunity and Reduction of Fines in Illegal Concerted Action Cases Article 12

Enterprises that do not apply for fine reduction in accordance with Paragraph 1 of Article 10 but have already provided the information and evidence stated in Subparagraph 2, Paragraph 1 of Article 5 and requested for fine reduction according to these Regulations when providing the said information and evidence shall be regarded as having applied and the time when the said information and evidence are provided shall be regarded the time of application.In the circumstance stated in the preceding paragraph, enterprises are still required to file their applications according to Paragraphs 1 and 2 of Article 10. Those failing to file their applications within the period specified by the competent authority shall be denied application.