OBS_VALUE: Section 34 of the Competition Act prohibits agreements preventing, restricting or distorting competition, including agreements that directly or indirectly fix purchase or selling prices or share markets or sources of supply. Under Third Schedule exemption, this prohibition does not apply to vertical agreements, if not otherwise ruled by the Minister. Singapore Consumer & Competition Commission considers vertical agreements on a case-by-case basis to determine whether agreements are anti-competitive and should be prohibited under the Competition Act. To note, Section 47 (prohibition against abuse of a dominant position) of the Act applies to vertical agreements. 