38 REDUCING MARKET DISTORTIONS FOR A MORE PROSPEROUS UKRAINE FIGURE 32 Priority Areas for Strengthening National Competition Policy IMPLEMENTATION AND LEGAL AND REGULATORY ENFORCEMENT Adopt rules requiring business separation Mandate the disclosure of SOE performance in vertically integrated SOE, and mandate information, including the costs associated with that SOEs earn rates of return comparable commercial and non-commercial activities to private-sector operators Eective Develop and revise regulatory frameworks regulatory Unbundle vertically integrated SOEs (e.g., in for the use of unlicensed spectrum, frameworks that the gas and electricity sectors) telecom licensing and authorization, and ensure Enforce rules against cartel behavior and sharing mobile-telecom infrastructure predictability, penalties for violating the Competition Law transparency, and Revise regulations that protect competitive Develop a registry of state-aid recipients incumbents, including SOEs (e.g., in the neutrality transportation sector) Upgrade competition rules to Review tax exemptions and other forms of explicitly prohibit cartels and state aid and align them with regulations increase legal certainty and National predictability competition Prioritize pro- Develop policy A market competition public comprehensive environment that procurement rules for state Stronger market minimizes undue processes aid institutions and more advantages eective institutional among SOEs and collaboration politically connected rms Ensure the independence of sectoral regulators to avoid conicts of interest between policy objectives and SOE incentives (e.g., in the transportation and telecom sectors) Strengthen the AMCU’s institutional guarantees and provide it with the necessary resources to fulll its mandate INSTITUTIONAL Source: Author’s elaboration