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Section 4 Individual exemptions.

United Kingdom

(1)

F1The F2OFT may grant an exemption from the Chapter I prohibition with respect to a particular agreement if—

(a)

a request for an exemption has been made to it under section 14 by a party to the agreement; and

(b)

the agreement is one to which section 9 applies.

(2)

An exemption granted under this section is referred to in this Part as an individual exemption.

(3)

The exemption—

(a)

may be granted subject to such conditions or obligations as the OFT considers it appropriate to impose; and

(b)

has effect for such period as the OFT considers appropriate.

(4)

That period must be specified in the grant of the exemption.

(5)

An individual exemption may be granted so as to have effect from a date earlier than that on which it is granted.

(6)

On an application made in such way as may be specified by rules under section 51, the OFT may extend the period for which an exemption has effect; but, if the rules so provide, it may do so only in specified circumstances.

Annotations

Textual amendments

F1

S. 4 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. 2 (with reg. 6(2))

F2

Words in s. 4 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), s. 279, Sch. 25 para. 38(3); 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