The PCA has
ordered that the Association of Chartered Accountants (known for its Portuguese
acronym OTOC, Ordem dos Técnicos Oficiais
de Contas) should pay a fine of 229.3 thousand euros for practices that are
harmful to competition in the market covering mandatory training for chartered
accountants (known by their Portuguese acronym as TOCs, Técnicos Oficiais de Contas).
market for this profession was created by the OTOC, through the publication of
its Regulation on Training Credits (Regulamento
de Formação de Créditos) on 12 July 2007.