- TITLE I OBJECTIVES OF THE LAW
- TITLE II CONCEPTS AND DEFINITIONS:
- TITLE III THE APPLICATION AREA OF VALIDITY OF THE LAW
- TITLE IV IN REGARDS TO COMPETITION
- CHAPTER I THE PROHIBITED PRACTICES AND CONDUCTS
- Article 5:- PROHIBITED ANTICOMPETITIVE PRACTICES DUE TO THEIR NATURE.
- Article 6:- JURIDICAL DISSABILITY.
- Article 7:- PROHIBITED ANTICOMPETITIVE PRACTICES DUE TO THEIR EFFECT.
- Article 8:- SUPPOSAL OF FACT.
- Article 9:- ECONOMIC EFFICIENCY AND THE CONSUMER’S WELFARE.
- Article 10:- OBTAINING AND FINDING A NOTEWORTHLY MARKET PARTICIPATION.
- CHAPTER II CONCENTRATIONS
- Article 11:- ECONOMIC CONCENTRATIONS.
- Article 12: - PROHIBITED CONCENTRATIONS.
- Article 13:- PREVIOUS MANDATORY NOTIFICATION AND PREVIOUS VOLUNTARY VERIFICATION.
- Article 14:- THE EFFECTS OF THE PREVIOUS VERIFICATION IN CASE OF APROVAL.
- Article 15:- INVESTIGATION.
- Article 16:- THE ANALYSIS OF THE CONCENTRATION: ELEMENTS OF VERIFICATION AND INVESTIGATION.
- Article 17:- MEASURES OF PRECAUTION.
- Article 18:- DECISIONS ON CONCENTRATIONS.
- Article 19:- CORRECTIVE MEASURES.
- CHAPTER I THE PROHIBITED PRACTICES AND CONDUCTS
- TITLE V ON THE COMMISSION FOR THE DEFENSE AND PROMOTION OF COMPETITION
- CHAPTER I: GENERAL DISPOSITIONS
- CHAPTER II ON THE ORGANIZATION
- Article 23:- ADMINISTRATION.
- Article 24:- APPOINTMENT.
- Article 25:- GOVERNMENT FUNCTIONARIES.
- Article 26:- APPOINTMENT REQUIREMENTS.
- Article 27:- INHABILITIES.
- Article 28:- EXCUSE FOR PERSONAL INTEREST.
- Article 29:- CAUSES FOR REMOVAL.
- Article 30:- HIRING RESTRICTIONS.
- Article 31:- SESSIONS OF THE COMMISSION.
- Article 32:- CONFIDENTIALITY.
- CHAPTER III ON THE COMMISSION FUNCTIONS
- TITLE VI ON THE SANCTIONS AND OTHER MEASURE
- Article 36:- ADMINISTRATIVE SANCTIONS.
- Article 37:- SANCTIONING FINES.
- Article 38:- RECIDIVISM.
- Article 39:- TO DETERMINE THE AMOUNT OF THE FINE.
- Article 40:- PROVISIONAL MEASURES.
- Article 41:- SUCCESIVE FINES.
- Article 42:- SUMMONINGS.
- Article 43:- ADJUSTMENTS DUE TO INFLATION.
- Article 44:- THE FINE PAYMENT.
- Article 45:- APPEALING.
- TITLE VII ON THE ADMINISTRATIVE PROCEDURE
- TITLE VIII FINAL DISPOSITIONS
In agreement to the Article 339 of the Constitution, monopolies, monopsonies, oligopolies, accumulation of commodities and similar practices in the industrial and mercantile areas are prohibited;
Competition is indispensable to assure the national economic development, the efficient resources allocation and the consumer’s welfare;
In agreement to the mandate of the Article 333 of the Constitution, the State’s intervention in the Economy will be based on the public and social interest and limited by their recognized economic rights and liberties and this obliges to precise the criteria oriented by the legislation dictated in this subjects, in order to assure the balance and the coexistence of these public interests and private rights;
: The existence of conditions for free competition is a warranty of the protection of consumers;
To guarantee the existence of a sufficient competition and to protect it from any attack is a public interest activity;
In order to execute the constitutional mandate and to an effective promotion of competition; it is required to have a substantial legislation to its application and administration,
The following:
TITLE I
The present law has as its objective to promote and to protect the free competition exercise in order to procure the efficient functioning of the market and the welfare of the consumers.
TITLE II
For the purpose of this Law, the following terms will be understood as detailed hereinafter:
1) THE COMMISSION: The Commission for the Defense and Promotion of the Competition;
2) FREE COMPETITION: Situation in which there exists the conditions for any economic agent, may this be supplier or demander, to have the complete liberty to participate in the market, and that those who are already in do not have the possibility, individually or in collusion with other participants to impose any condition in the exchange relations that affect the efficient functioning of the market;
3) CONSUMER: The legal entity or individual, self existing or created by law, private or public that as a final beneficiary, acquires, enjoys or uses the goods and services, receives or is offered information;
4) ECONOMIC COMPETITOR AGENTS: The economic agents operating in the same relevant market;
5) POTENTIAL ECONOMIC COMPETITOR AGENTS: The economic agents who, on the basis of realistic criteria, are capable to realize the additional investments or the necessary adaptation expenses in order to be able to participate on the market within a short period of time;
6) MARKET: Conjunct of facts and relationships that make possible the exchange of goods and services on circumstances determined by supply and demand that fixes the prices and other conditions of commercialization; and,
7) RELEVANT MARKET: Is defined in relation of the product market and the geographical market. The product market is the addition of the goods and services that consumers consider exchangeable or replaceable because of their characteristics, their price or the use they plan to give to them. The geographical market requires the evaluation of the territorial reach of the zone where the activities of providing goods and services are developed, in which the conditions for competition are homogenous and can be distinguished from other zones due, in particular, to the sensible difference of the conditions for competition between one zone and the other.
TITLE III
The present law is applicable to all the areas of the economic activity, even when these areas are regulated by special laws, regulations or resolutions. The dispositions of the present law are of public order and there cannot be allegation of customs, uses, practices or commercial stipulations against it.
The provisions herein are binding to every economic agent or their associations, be they natural or juristic person, public administration entities, municipalities, industrial, commercial, professionals, non-profit or for-profit entities or other entities legally constituted or not, that by any means, participate as active subjects on the economic activity inside the Territory of the Republic of Honduras.
Also professional groups legally constituted or not, are considered to be economic agents submitted to the present Law.
Likewise, the provisions herein are binding to those persons whose head office is outside the territory of the Republic of Honduras, when their activities, contracts, agreements, practices, acts or businesses create effects in the national territory.
The exercise of economic activities corresponds fundamentally to the private persons. However, for reasons of public order and social interest, the State may reserve itself the right to exercise some basic industries, exploitations or public interest services and may dictate economic, fiscal and security measures and laws to channel, to stimulate, to orient or to supply the private initiative, based on a rational and planned economic policy.
TITLE IV
CHAPTER I
. Verbal or written contracts, agreements, arranged practices, among competitors or potential competitors are prohibited, when their objective or fundamental effect is one of the following:
1) Establishing agreements to fix prices, tariffs or discounts;
2) Restraining, totally or partially, the production, the distribution, the provision or the commercialization of goods and services;
3) Distributing, directly or indirectly the market in territorial areas, clients, provision sectors or supply sources.
4) Establishing, agreeing or coordinating positions or agreeing to abstain to participate in biddings, quotations, call for tenders or public auctions.
The contracts, agreements, arranged practices, combinations or arrangements prohibited by Article 5 of the present law are null. The economic agents who realize these activities shall be sanctioned according to this law, without prejudice of the corresponding penal or civil responsibility. These economic agents shall be sanctioned even when these contracts, agreements, arranged practices or combinations have not yet produced any effect.
. Contracts, agreements, combinations, arrangements or conducts not included in Article 5 of the present law are prohibited when they restrict, diminish, damage, impede or weaken the exercise of free competition in the production, distribution, supply or commercialization of goods and services.
The following anticompetitive practices are prohibited due to their effect:
1) Among non competitors, the imposition of restrictions concerning the territory, the volume or the clients, as well as the obligation to not produce or distribute goods and services for a determined period to an economic agent such as a distributor or supplier in order to sell goods or provide services;
2) Fixing the prices or other conditions that the economic agent such as a distributor or a supplier has to observe when selling goods or providing services;
3) The agreement among economic agents to exert pressure against any other economic agent with the purpose of dissuading him from a determined conduct or obliging him to act on a certain way;
4) The subordination of performing a contract, under the condition of accepting supplementary expenses, which have no relation with the subject of the contracts due to their nature or uses of commerce.
5) The transaction bounded to the condition of not using, acquiring, selling or providing the goods and services produced, distributed or commercialized by a third person;
6) Fixing the prices under the costs to eliminate competitors in a total or partial way or the application of unfair practices;
7) Limiting the production, the distribution, or the technological development from an economic agent in prejudice of the other economic agents or consumers;
8) Granting favorable conditions, from an economical agent to his buyers with the requirement that his purchases represent a determined volume or percentage of the demand, and;
9) Any other act or negotiation that the Commission considers it restricts diminishes, damages, impedes or weakens the process of free competition in the production, distribution or commercialization of goods or services;
By means of regulations or other legal instruments, the Commission will determine and will develop the criteria established on the articles 8 and 9 of the present law for the qualification of the contracts, agreements, combinations, arrangements, or conducts that weakens the process of the free competition.
The contracts agreements, combinations, arrangements or conducts that are considered to infringe the provisions set forth in the Article 7 of this law, can only be declared prohibited if there is proof that the participation on the affected market by an involved group of economic agents or by one of them, is superior to what is established by the Commission to determine if the conducts of this economic agents are prohibited, the Commission is authorized to establish greater or smaller quotas of participation in the relevant market to respond to the conditions of the market and to the behavior of those involved in it.
Contracts, agreements, combinations, arrangements, or conducts that increase the economic efficiency and the welfare of the consumer and compensate the negative effects on the process of free competition do not restrict, diminish, damage, impede or weaken the process of free competition.
Improvements in the conditions of production, distribution, supply, commercialization or consumption of goods and services are considered to be increases of the economic efficiency.
Those invoking the increases of the economic efficiency and the welfare of the consumer as a result of their acts, have to prove it.
. The economical agent who has a significant participation on the market does not infringe the present law, if this position has not been obtained by means of the practices or conducts prohibited by the present law.
Concentration shall be understood as the taking or changing of control in one or more corporations by means of shareholder participation, administration control, merger, acquisitions or any other right on the shares or capital participation or debt titles that causes any type of influence in the shareholder decisions or any other act in virtue of which shares are grouped, social parts, trusts realized by suppliers, clients or any other economic agent.
Associations formed for a determined duration of time in order to develop a determined project are not considered to be concentrations.
Concentrations which effects are to restrict, diminish, damage, or impede the free competition are prohibited.
Concentrations that generate increases on the economic efficiency and the welfare of the consumer under the terms of Article 9 herein and compensate the negative effect of the free competition process are compatible with the law and do not restrict, diminish, damage or impede free competition.
Concentrations must be notified to the commission by the economic agents before the effects take place, and may be verified by the commission in agreement to the Articles 54 and 55.
The Commission must define what concentrations shall be verified according to the amount of the actives, participation in the relevant market or the volume of sales.
The omission by any of the economic agents involved related to the previous notification referred on the first paragraph of the present article shall be considered to flaw to the established herein.
Concentrations which have been approved by the Commission can not be opposed to on the basis of the verified elements, except when the approval was obtained on the basis of false information provided by the involved economic agents.
When a concentration has not been submitted to the previous verification and it is presumed that it restricts, diminishes, damages or impedes the free competition, during a term no longer than three (3) months after the beginning of the concentration or after the date of the acknowledge of its existence, the Commission shall begin ex-officio or by request of parts, an investigation during in which it shall demand the relevant information for the referred investigation.
- To determine whether the concentration is in agreement to the law herein, an economical analysis is begun in which the following must be considered:
1) The market quota of the participating economic agents and their effects related to the other competitors and buyers of goods and services, and related to other markets and economic agents directly related;
2) When it is possible that the concentration allows, promotes or realizes practices or conducts prohibited or the imposition of entry barriers to new economic agents;
3) When it is possible that the concentration facilitates the unilateral elevation of prices, without making it possible for the competing agents to act or potentially counteract this power; and,
4) The necessity of the concentration as an only option to avoid the exit of the market of productive assets of one of the participating economic agents in the concentration involved.
The Commission can, by means of regulations or resolutions, determine and develop the other criteria for the analysis of economic concentrations.
When the Commission has acknowledge that an operation of concentration is being carried out, in which it is presumed it restricts, diminishes, damages or impedes the free competition due to its potential effects, it can order a temporary suspension of the operation until the investigation is concluded.
As a result of a previous investigation of a concentration, the Commission may take a favorable decision, prohibit it or order conditional measures for its approval.
As a result of an ex-officio investigation or by request of parts, the Commission may take a favorable decision, order the deconcentration, or dictate corrective measures based on Article 19 of the law herein.
The Commission shall order corrective measures in order to adjust a concentration to the law herein. In this case it shall:
1) Oblige to divide, to alienate, to sell, or to transfer to third parties not related to the parts involved in the concentration, rights on determined corporal or incorporeal assets, social parts or shares;
2) Oblige to modify, transfer or eliminate a determined line of production; and,
3) Oblige to modify or eliminate clauses from contracts, agreements, or arrangements celebrated.
Corrective measures that are not directly related to the correction of the effects of the concentration shall not be imposed. Measures adopted have to be in proportion to the pretended correction.
TITLE V
CHAPTER I:
. Create the Commission for the Defense and Promotion of Competition, as an Independent Institution; who has legal status and its own equity, with functional, administrative, technical and budgetary autonomy in its internal regime and independence in the exercise of its functions.
The Commissions head office will be in the capital city of the Republic, being empowered to establish branch offices and dependencies through out the national territory. The Commissions jurisdiction is at national level.
The Superior Direction will be in charge of the Commission and its administration; it is composed by three (3) Commissioners that constitute the plenary session of the Commission.
The Commission shall adopt the resolutions, the regulations and other pertinent dispositions to assure the correct application of this law and its regulation.
CHAPTER II
The President shall be the legal representation of the Commission, he will summon sessions to confer or revoke powers and to coordinate the activities of the Commission.
In agreement to the Article 339 of the Constitution, monopolies, monopsonies, oligopolies, accumulation of commodities and similar practices in the industrial and mercantile areas are prohibited;
Competition is indispensable to assure the national economic development, the efficient resources allocation and the consumer’s welfare;
In agreement to the mandate of the Article 333 of the Constitution, the State’s intervention in the Economy will be based on the public and social interest and limited by their recognized economic rights and liberties and this obliges to precise the criteria oriented by the legislation dictated in this subjects, in order to assure the balance and the coexistence of these public interests and private rights;
: The existence of conditions for free competition is a warranty of the protection of consumers;
To guarantee the existence of a sufficient competition and to protect it from any attack is a public interest activity;
In order to execute the constitutional mandate and to an effective promotion of competition; it is required to have a substantial legislation to its application and administration,
The following:
TITLE I
The present law has as its objective to promote and to protect the free competition exercise in order to procure the efficient functioning of the market and the welfare of the consumers.
TITLE II
For the purpose of this Law, the following terms will be understood as detailed hereinafter:
1) THE COMMISSION: The Commission for the Defense and Promotion of the Competition;
2) FREE COMPETITION: Situation in which there exists the conditions for any economic agent, may this be supplier or demander, to have the complete liberty to participate in the market, and that those who are already in do not have the possibility, individually or in collusion with other participants to impose any condition in the exchange relations that affect the efficient functioning of the market;
3) CONSUMER: The legal entity or individual, self existing or created by law, private or public that as a final beneficiary, acquires, enjoys or uses the goods and services, receives or is offered information;
4) ECONOMIC COMPETITOR AGENTS: The economic agents operating in the same relevant market;
5) POTENTIAL ECONOMIC COMPETITOR AGENTS: The economic agents who, on the basis of realistic criteria, are capable to realize the additional investments or the necessary adaptation expenses in order to be able to participate on the market within a short period of time;
6) MARKET: Conjunct of facts and relationships that make possible the exchange of goods and services on circumstances determined by supply and demand that fixes the prices and other conditions of commercialization; and,
7) RELEVANT MARKET: Is defined in relation of the product market and the geographical market. The product market is the addition of the goods and services that consumers consider exchangeable or replaceable because of their characteristics, their price or the use they plan to give to them. The geographical market requires the evaluation of the territorial reach of the zone where the activities of providing goods and services are developed, in which the conditions for competition are homogenous and can be distinguished from other zones due, in particular, to the sensible difference of the conditions for competition between one zone and the other.
TITLE III
The present law is applicable to all the areas of the economic activity, even when these areas are regulated by special laws, regulations or resolutions. The dispositions of the present law are of public order and there cannot be allegation of customs, uses, practices or commercial stipulations against it.
The provisions herein are binding to every economic agent or their associations, be they natural or juristic person, public administration entities, municipalities, industrial, commercial, professionals, non-profit or for-profit entities or other entities legally constituted or not, that by any means, participate as active subjects on the economic activity inside the Territory of the Republic of Honduras.
Also professional groups legally constituted or not, are considered to be economic agents submitted to the present Law.
Likewise, the provisions herein are binding to those persons whose head office is outside the territory of the Republic of Honduras, when their activities, contracts, agreements, practices, acts or businesses create effects in the national territory.
The exercise of economic activities corresponds fundamentally to the private persons. However, for reasons of public order and social interest, the State may reserve itself the right to exercise some basic industries, exploitations or public interest services and may dictate economic, fiscal and security measures and laws to channel, to stimulate, to orient or to supply the private initiative, based on a rational and planned economic policy.
TITLE IV
CHAPTER I
. Verbal or written contracts, agreements, arranged practices, among competitors or potential competitors are prohibited, when their objective or fundamental effect is one of the following:
1) Establishing agreements to fix prices, tariffs or discounts;
2) Restraining, totally or partially, the production, the distribution, the provision or the commercialization of goods and services;
3) Distributing, directly or indirectly the market in territorial areas, clients, provision sectors or supply sources.
4) Establishing, agreeing or coordinating positions or agreeing to abstain to participate in biddings, quotations, call for tenders or public auctions.
The contracts, agreements, arranged practices, combinations or arrangements prohibited by Article 5 of the present law are null. The economic agents who realize these activities shall be sanctioned according to this law, without prejudice of the corresponding penal or civil responsibility. These economic agents shall be sanctioned even when these contracts, agreements, arranged practices or combinations have not yet produced any effect.
. Contracts, agreements, combinations, arrangements or conducts not included in Article 5 of the present law are prohibited when they restrict, diminish, damage, impede or weaken the exercise of free competition in the production, distribution, supply or commercialization of goods and services.
The following anticompetitive practices are prohibited due to their effect:
1) Among non competitors, the imposition of restrictions concerning the territory, the volume or the clients, as well as the obligation to not produce or distribute goods and services for a determined period to an economic agent such as a distributor or supplier in order to sell goods or provide services;
2) Fixing the prices or other conditions that the economic agent such as a distributor or a supplier has to observe when selling goods or providing services;
3) The agreement among economic agents to exert pressure against any other economic agent with the purpose of dissuading him from a determined conduct or obliging him to act on a certain way;
4) The subordination of performing a contract, under the condition of accepting supplementary expenses, which have no relation with the subject of the contracts due to their nature or uses of commerce.
5) The transaction bounded to the condition of not using, acquiring, selling or providing the goods and services produced, distributed or commercialized by a third person;
6) Fixing the prices under the costs to eliminate competitors in a total or partial way or the application of unfair practices;
7) Limiting the production, the distribution, or the technological development from an economic agent in prejudice of the other economic agents or consumers;
8) Granting favorable conditions, from an economical agent to his buyers with the requirement that his purchases represent a determined volume or percentage of the demand, and;
9) Any other act or negotiation that the Commission considers it restricts diminishes, damages, impedes or weakens the process of free competition in the production, distribution or commercialization of goods or services;
By means of regulations or other legal instruments, the Commission will determine and will develop the criteria established on the articles 8 and 9 of the present law for the qualification of the contracts, agreements, combinations, arrangements, or conducts that weakens the process of the free competition.
The contracts agreements, combinations, arrangements or conducts that are considered to infringe the provisions set forth in the Article 7 of this law, can only be declared prohibited if there is proof that the participation on the affected market by an involved group of economic agents or by one of them, is superior to what is established by the Commission to determine if the conducts of this economic agents are prohibited, the Commission is authorized to establish greater or smaller quotas of participation in the relevant market to respond to the conditions of the market and to the behavior of those involved in it.
Contracts, agreements, combinations, arrangements, or conducts that increase the economic efficiency and the welfare of the consumer and compensate the negative effects on the process of free competition do not restrict, diminish, damage, impede or weaken the process of free competition.
Improvements in the conditions of production, distribution, supply, commercialization or consumption of goods and services are considered to be increases of the economic efficiency.
Those invoking the increases of the economic efficiency and the welfare of the consumer as a result of their acts, have to prove it.
. The economical agent who has a significant participation on the market does not infringe the present law, if this position has not been obtained by means of the practices or conducts prohibited by the present law.
Concentration shall be understood as the taking or changing of control in one or more corporations by means of shareholder participation, administration control, merger, acquisitions or any other right on the shares or capital participation or debt titles that causes any type of influence in the shareholder decisions or any other act in virtue of which shares are grouped, social parts, trusts realized by suppliers, clients or any other economic agent.
Associations formed for a determined duration of time in order to develop a determined project are not considered to be concentrations.
Concentrations which effects are to restrict, diminish, damage, or impede the free competition are prohibited.
Concentrations that generate increases on the economic efficiency and the welfare of the consumer under the terms of Article 9 herein and compensate the negative effect of the free competition process are compatible with the law and do not restrict, diminish, damage or impede free competition.
Concentrations must be notified to the commission by the economic agents before the effects take place, and may be verified by the commission in agreement to the Articles 54 and 55.
The Commission must define what concentrations shall be verified according to the amount of the actives, participation in the relevant market or the volume of sales.
The omission by any of the economic agents involved related to the previous notification referred on the first paragraph of the present article shall be considered to flaw to the established herein.
Concentrations which have been approved by the Commission can not be opposed to on the basis of the verified elements, except when the approval was obtained on the basis of false information provided by the involved economic agents.
When a concentration has not been submitted to the previous verification and it is presumed that it restricts, diminishes, damages or impedes the free competition, during a term no longer than three (3) months after the beginning of the concentration or after the date of the acknowledge of its existence, the Commission shall begin ex-officio or by request of parts, an investigation during in which it shall demand the relevant information for the referred investigation.
- To determine whether the concentration is in agreement to the law herein, an economical analysis is begun in which the following must be considered:
1) The market quota of the participating economic agents and their effects related to the other competitors and buyers of goods and services, and related to other markets and economic agents directly related;
2) When it is possible that the concentration allows, promotes or realizes practices or conducts prohibited or the imposition of entry barriers to new economic agents;
3) When it is possible that the concentration facilitates the unilateral elevation of prices, without making it possible for the competing agents to act or potentially counteract this power; and,
4) The necessity of the concentration as an only option to avoid the exit of the market of productive assets of one of the participating economic agents in the concentration involved.
The Commission can, by means of regulations or resolutions, determine and develop the other criteria for the analysis of economic concentrations.
When the Commission has acknowledge that an operation of concentration is being carried out, in which it is presumed it restricts, diminishes, damages or impedes the free competition due to its potential effects, it can order a temporary suspension of the operation until the investigation is concluded.
As a result of a previous investigation of a concentration, the Commission may take a favorable decision, prohibit it or order conditional measures for its approval.
As a result of an ex-officio investigation or by request of parts, the Commission may take a favorable decision, order the deconcentration, or dictate corrective measures based on Article 19 of the law herein.
The Commission shall order corrective measures in order to adjust a concentration to the law herein. In this case it shall:
1) Oblige to divide, to alienate, to sell, or to transfer to third parties not related to the parts involved in the concentration, rights on determined corporal or incorporeal assets, social parts or shares;
2) Oblige to modify, transfer or eliminate a determined line of production; and,
3) Oblige to modify or eliminate clauses from contracts, agreements, or arrangements celebrated.
Corrective measures that are not directly related to the correction of the effects of the concentration shall not be imposed. Measures adopted have to be in proportion to the pretended correction.
TITLE V
CHAPTER I:
. Create the Commission for the Defense and Promotion of Competition, as an Independent Institution; who has legal status and its own equity, with functional, administrative, technical and budgetary autonomy in its internal regime and independence in the exercise of its functions.
The Commissions head office will be in the capital city of the Republic, being empowered to establish branch offices and dependencies through out the national territory. The Commissions jurisdiction is at national level.
The Superior Direction will be in charge of the Commission and its administration; it is composed by three (3) Commissioners that constitute the plenary session of the Commission.
The Commission shall adopt the resolutions, the regulations and other pertinent dispositions to assure the correct application of this law and its regulation.
CHAPTER II
The President shall be the legal representation of the Commission, he will summon sessions to confer or revoke powers and to coordinate the activities of the Commission.