The portfolio also included deregulation, public enterprise reform and divestiture, promotion of cooperative societies and establishment of programmes for private sector and small and medium enterprise development.

As co chair of public enterprise reform and divestiture commission (the privatization council), supervised an internal review of the privatization programme and promoted local awareness building and domestic private sector participation in the programme.

The orderly divestiture of policy, training and compliance responsibilities will then follow in parallel with an enhanced focus on the Division's responsibilities, as outlined in paragraphs 53 and 54 of the report of the Secretary General (ibid.).

may order a state of affairs infringing the Act to be eliminated (for instance, at concentrations, carried out illegally without obtaining an authorization, which may not have been authorizable, the Office may require the separation or divestiture of the merged undertakings, assets or interests or the relinquishment of joint control)

However, it was suggested that the draft legislative guide should follow a flexible approach and that it should not exclude transactions whereby the State transferred to the private sector the ownership of State owned entities entrusted with the provision of some form of public service, a process sometimes referred to as quot divestiture quot .

decides on the applications (see under (a) above) such exempting or authorizing decisions may be subjected to conditions (for instance, in order to moderate the disadvantageous effects of a concentration, the divestiture of specified parts of the undertakings or specified assets or the relinquishment of control over an indirect participant may be set as a condition for the authorization), such exemptions may be granted for a limited period