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The conclusion of the paper highlights the potential benefits of cartel settlements for various parties involved in competition law enforcement. These benefits include:* Persuading cartel members to cooperate early and accept responsibility for their conduct* Providing transparent, proportional, expedited, certain, and final dispositions* Benefiting the government, cooperating cartel participants, courts, victims, and the public at large.The paper emphasizes that competition enforcers in various jurisdictions should remain focused on achieving these benefits through settlements, rather than facing the challenges of designing and implementing settlement systems. The Commission's draft settlement system is introduced, which provides a new procedure for settling cartel cases, offering parties the opportunity to submit a written settlement submission before the formal objections are issued. Any company aware of an investigation may indicate their interest in exploring settlements, and the Commission will initiate settlement proceedings once the "core" investigation reaches the stage of drafting a statement of objections. Parties wishing to settle a case with the Commission must declare their interest in settlement discussions, appoint a representative per undertaking, and submit a written settlement submission containing certain key elements. The Commission retains the possibility to depart from the parties' settlement submission only exceptionally, and any departure will occur to preserve the usefulness of the settlement instrument. The reduction percentage of fines in cases where a settlement is reached has yet to be determined through a public consultation.