Explanatory note
These Rules, which amend the Restrictive Practices Court Rules 1976, are consequential on the provisions of section 25 and 26 of the Competition Act 1980. These sections make provision for the suspension of the effect of declarations made under section 1(3) of the Restrictive Trade Practices Act 1976 and for the submission of revised agreements to the Restrictive Practices Court for approval.
The Rules insert six new rules into the 1976 Rules which lay down the procedures which are to be followed when applications are made:—
(a)
for the extension of the suspensory period under section 26(4) of the Act of 1980; and
(b)
to submit a revised agreement to the Restrictive Practices Court under section 26(1) of the Act of 1980.