Fair Competition and Anti-Trust Policy for Betalight B.V.
1. Introduction
Betalight B.V. is dedicated to conducting business in full compliance with all applicable competition and anti-trust laws and regulations. This Fair Competition and Anti-Trust Policy reflects our commitment to fair competition, prohibits anti-competitive practices, and provides clear guidelines for all employees, officers, directors, and agents of Betalight B.V.
2. Compliance with Laws and Regulations
a. Betalight B.V. and its employees must comply with all relevant competition and anti-trust laws, including but not limited to the European Union Competition Law and the Dutch Competition Act.
b. Adherence to this policy is mandatory, and violations may result in disciplinary actions, up to and including termination of employment or contracts.
3. Prohibited Conduct
a. Price Fixing:
Betalight B.V. strictly prohibits any agreements, understandings, or arrangements with competitors to fix prices, terms of sale, discounts, or other conditions that restrict competition.
b. Market Division:
Agreements to allocate markets, customers, territories, or sources of supply with competitors are strictly forbidden.
c. Bid Rigging:
Betalight B.V. prohibits collusion to manipulate bidding processes, including bid suppression, bid rotation, or complementary bidding practices.
d. Monopolization and Abuse of Dominant Position:
Anti-competitive practices aimed at monopolizing markets or abusing a dominant position are not allowed.
e. Misuse of Intellectual Property Rights:
Intellectual property rights must not be misused to stifle competition or engage in anti-competitive licensing practices.
f. Deceptive Trade Practices:
Engaging in deceptive trade practices or false advertising that could harm competitors or mislead customers is strictly prohibited.
4. Competition Law Compliance Training
a. Betalight B.V. will provide regular training on competition law compliance for employees, officers, directors, and agents to ensure awareness of legal obligations and potential risks.
b. Training will be updated to reflect changes in applicable laws and regulations.
5. Reporting Violations
a. All employees, officers, directors, and agents are encouraged to report suspected violations of this policy or competition laws to the designated compliance officer via email at info@betalight-tactical.com.
b. All reports will be promptly investigated, and necessary actions will be taken to address confirmed violations.
6. Protection from Retaliation
a. Betalight B.V. strictly prohibits retaliation against individuals who, in good faith, report suspected violations of this policy or competition laws.
b. Acts of retaliation will result in disciplinary action.
7. Record-Keeping
a. Betalight B.V. will maintain accurate records of transactions, agreements, and communications relevant to competition and anti-trust compliance.
b. Records will be retained in accordance with applicable laws and regulatory requirements.
8. Policy Review
This policy will be reviewed periodically to ensure its effectiveness and compliance with current laws and regulations.
9. Contact Information
For any questions, concerns, or to report a suspected violation, please contact our compliance team at info@betalight-tactical.com.
This Fair Competition and Anti-Trust Policy is effective as of the date first written and applies to all employees, officers, directors, and agents of Betalight B.V.