Section 24 Effect of a decision that the Chapter II prohibition has not been infringed.
United Kingdom
The OFT is to take no further action under this Part with respect to the conduct unless—
it has reasonable grounds for believing that there has been a material change of circumstance since it gave its decision; or
it has a reasonable suspicion that the information on which it based its decision was incomplete, false or misleading in a material particular.
No penalty may be imposed under this Part in respect of any infringement of the Chapter II prohibition by conduct to which this section applies.
But the OFT may remove the immunity given by subsection (3) if—
it takes action under this Part with respect to the conduct in one of the circumstances mentioned in subsection (2);
it considers that it is likely that the conduct will infringe the prohibition; and
it gives notice in writing to the undertaking on whose application the decision was made that it is removing the immunity as from the date specified in its notice.
If the OFT has a reasonable suspicion that information—
on which it based its decision, and
which was provided to it by an undertaking engaging in the conduct,
was incomplete, false or misleading in a material particular, the date specified in a notice under subsection (4)(c) may be earlier than the date on which the notice is given.
Annotations
Textual amendments
- F1
Ss. 20-24 ceased to have effect (1.5.2004) by virtue of The Competition Act 1998 and Other Enactments (Amendment) Regulations 2004 (S.I. 2004/1261), reg. 1(a), Sch. 1 para. 9 (with reg. 6(2))
- F2
Words in s. 24 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), s. 279, Sch. 25 para. 38(18); S.I. 2003/766, art. 2, Sch. (with art. 3) (as amended (20.7.2007) by S.I. 2007/1846, reg. 3(2), Sch.)
Notes on the whole Act
Textual amendments
- F1
Words in long title substituted (1.5.2004) by The Competition Act 1998 and Other Enactments (Amendment) Regulations 2004 (S.I. 2004/1261), Sch. 1 para. 1