The Regulation on Fines to be Imposed in the case of Restraining Competition by way of Agreements, Decisions and Concerted Practices and Abuse of Dominant Position was amended on 15 February 2009 with the aim of creating transparency and equality for the purpose of determining penalty processes and the establishment of a new detailed calculation method for fines that can be imposed on undertakings, the organisation of such undertakings, and their managers and employees who act contrary to Article 4 and 6 of the Law on Protection of Competition (Law No. 4054). The amendments also impose a new penalty system on the basis of percentages applicable on the gross income of the undertakings, instead of fixed penalties. Such a replacement, in most of the cases, will cause an increase in penalties.