Summary: <br> <a href="http://complianceandethics.org/wp-content/uploads/2015/02/turteltaub-adam-200x200-150x1501.jpg"></a>By Adam Turteltaub<br><br> adam.turteltaub@corporatecompliance.org<br> Recently, Terry Stechysin of the Canadian Competition Bureau shared his perspectives via a <a href="http://complianceandethics.org/terence-stechysin-on-the-canadian-competition-bureau-podcast/">podcast</a> on the Canadian Government’s view of the role of compliance in anti-competition. In this podcast, another Canadian, Steven Preece, an Assistant Director with the UK Competition and Markets Authority (CMA), weighs in on the UK government’s perspective.<br> Listen in to this podcast as Steve provides us with an overview of the CMA, which is the top anti-competition authority in the UK. He explains:<br> <br> * The similarities and differences from an enforcement perspective with the US Department of Justice and Securities and Exchange Commission<br> * The value CMA gives to compliance programs, including a potential reduction in penalties<br> * The key elements that CMA looks for in compliance programs:<br> <br> * Evidence from top down to a commitment to anti-competition law compliance<br> * Risk identification and assessment<br> * Risk mitigation, and<br> * Review activities<br> <br> <br> * The helpfulness of integrating anti-corruption and anti-competition training<br> * The importance of making training meaningful to the business and providing practical guidance.<br> <br> In this podcast he provides references to several online resources from the CMA. To access them, just follow the links below.<br> <a href="https://www.gov.uk/government/organisations/competition-and-markets-authority">CMA Homepage</a><br> <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/306899/CMA19.pdf">Quick Guide to Competition Law Compliance</a><br> <a href="https://www.gov.uk/government/publications/appropriate-ca98-penalty-calculation">CMA Penalties Guide</a>, which includes a discussion of when compliance discounts of a penalty may apply.<br>
