SINGAPORE: The Competitors and Client Fee of Singapore (CCCS) has lifted the measures it imposed on Seize in September 2018 over its merger with Uber.
This comes after Singapore’s new point-to-point (P2P) transport regulatory framework got here into impact on Oct 30, the watchdog mentioned in a media launch on Friday (Nov 20).
Parliament handed the P2P Passenger Transport Business Invoice in August final yr, which requires all ride-hail and street-hail service suppliers with a fleet measurement of greater than 800 autos to be licensed.
READ: Non-public-hire automobile operators to be licensed from subsequent yr as Parliament passes new regulatory framework
Amid the COVID-19 outbreak, implementation of the regulatory framework was delayed from June to October this yr to permit operators extra time to organize their functions.
Because the launch of the framework, firms comparable to Tada Mobility, Gojek, Seize, ComfortDelgro and Ryde have been awarded ride-hail service operator licences, CCCS mentioned.
Different current taxi operators have additionally been issued restricted ride-hail service operator licences to offer name reserving companies.
“Because of this, there are a variety of operators within the P2P sector right this moment. The P2P regulatory framework administered by the Land Transport Authority and the Public Transport Council ensures that each one licensed operators can not stop their drivers from driving for different operators,” CCCS mentioned.
“The regulatory framework additionally ensures that P2P fares are clear and clearly communicated to commuters, whereas leaving fare ranges to be decided by market forces.
“With a sectoral regulatory framework now in place, CCCS considers it well timed to launch the instructions imposed on Seize as the problems recognized are extra appropriately thought-about and addressed inside the context of the sectoral regulatory framework,” the fee mentioned.
READ: Singapore competitors watchdog fines Seize, Uber S$13 million in whole over merger deal
CCCS issued an infringement resolution towards Seize and Uber in September 2018, in relation to the March sale of Uber’s Southeast Asian enterprise to Seize for a 27.5 per cent stake within the Singapore-based agency.
The deal led to a “substantial lessening of competitors” within the ride-hailing market, CCCS mentioned then, highlighting Seize’s elevated costs and adjustments to its loyalty programme after the merger.
It issued instructions to each companies to handle these issues, beneath which Seize should preserve its pre-merger pricing, pricing insurance policies and product choices, and take away all exclusivity obligations on drivers and taxi fleets.
These sought to reduce the influence of the deal on drivers and riders, and preserve the market open and contestable, CCCS mentioned.
Uber and Seize had been collectively additionally fined a complete of S$13 million over their merger. CCCS mentioned the penalties had been imposed to “deter accomplished, irreversible mergers that hurt competitors”.
On Friday, CCCS famous that Seize submitted an software in July to impose a S$0.30 platform charge for ride-hailing companies.
The fee mentioned it will now not situation a choice on the appliance, after the lifting of the instructions imposed on Seize.