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Lululemon Fined $702,900 for Spam Email Violations

The Australian Communications and Media Authority (ACMA) has penalised Lululemon Athletica Australia Pty Ltd $702,900 for sending over 370,000 spam emails that failed to include an unsubscribe option. The company also entered into a court-enforceable undertaking to improve compliance.

Tabcorp Fined $158,400 for Illegal In-Play Sports Bets

Tabcorp Holdings Limited has paid a $158,400 penalty to the Australian Communications and Media Authority (ACMA) for accepting 426 illegal in-play sports bets. This is the third breach of in-play betting rules by Tabcorp since 2021.

Lycamobile Pays $376,200 Penalty for Identity Verification Failures

The Australian Communications and Media Authority (ACMA) has fined Lycamobile Pty Ltd $376,200 for 131 breaches of anti-scam rules related to identity verification failures during mobile number transfers. The company has also entered into an 18-month court-enforceable undertaking to improve its security arrangements.

ACMA Fines Six Wagering Providers for Self-Exclusion Rule Breaches

The Australian Communications and Media Authority (ACMA) has concluded investigations into six wagering providers for breaches of gambling self-exclusion rules. Tabcorp paid a $112,680 penalty, while others received remedial directions or formal warnings for failing to protect self-excluded individuals.

Competition Bureau Reaches Agreement with Chartwell

The Competition Bureau has reached a consent agreement with Chartwell Master Care LP to address competition concerns regarding its proposed acquisition of six retirement homes. Chartwell has agreed to sell one retirement home to preserve competition in the Kitchener-Waterloo, Ontario area.

EU Commission Approves Apollo Funds / Lecta Merger

The European Commission has issued a decision granting non-opposition to the proposed concentration between Apollo Funds and Lecta. This decision, made under the EU Merger Regulation, signifies the Commission's approval of the acquisition.

CMA examines heating oil prices amid Middle East conflict

The UK's Competition and Markets Authority (CMA) is examining concerns about rising heating oil prices due to the Middle East conflict. The CMA is investigating reports of cancelled orders and significant price increases, engaging with suppliers to assess potential breaches of consumer protection law.

PRA Fines UK Insurance Limited £10,625,000 for Solvency II Miscalculation

The Prudential Regulation Authority (PRA) has fined UK Insurance Limited (UKI Limited) £10,625,000 for miscalculating its Solvency II balance sheet during 2023-2024, leading to an overstatement of solvency. This is the first enforcement action where the PRA's Early Account Scheme was utilized.

CMA Finalizes Water Company Bill Increases

The UK's Competition and Markets Authority (CMA) has issued a final decision on disputed price controls for five water companies, allowing an average bill increase of 2.2%. The CMA rejected 83% of the increases sought by the companies, granting £463 million in additional revenue, down from a provisional £556 million.