The FCA published its 2018 annual report, which, this year, also provides an overview of the FCA’s policy and results over the last decade (see our article published in the April newsletter[1]). The FCA estimates that its enforcement action has resulted in a total gain of almost €14 billion for the economy since the adoption of its Fining Guidelines in 2011 (including approximately €5 billion of fines and €9 million of over cost avoided thanks to its investigations and decisions). The FCA is reportedly the most active national competition authority within the European Competition Network based on the number of both investigations opened and decisions adopted.

[1]              See also “10th anniversary of the French Competition Authority – results and prospects”, French Competition Law Newsletter, April 2019.