Paragraph 43

Subject to sub-paragraph (2), an undertaking accepted by the Director under section 4 or 9 of the M1Competition Act 1980 ceases to have effect on the coming into force of the repeal by this Act of that section.

If the undertaking relates to an agreement which on the starting date is the subject of continuing proceedings, the undertaking continues to have effect for the purposes of section 29 of the Competition Act 1980 until the proceedings are determined.