Explanatory note

This Order amends the Restrictive Trade Practices (Non-notifiable Agreements) (Turnover Threshold) Order 1996 (S.I. 1996/348) which provides that an agreement to which the parties are persons whose aggregate turnover in the United Kingdom does not exceed £20 million on the date on which the agreement is made is a non-notifiable agreement for the purposes of section 27A of the Restrictive Trade Practices Act 1976. A non-notifiable agreement is an agreement which is registrable under the Act but of which particulars do not have to be furnished to the Director General of Fair Trading unless he requires them by serving a notice on the parties. This Order amends the aggregate turnover threshold to £50 million. The 1996 Order contains detailed provisions as to how turnover is to be calculated. This order applies to agreements made on or after the date on which it comes into force.