Competition Act 1998
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
41 Agreements notified to the Commission.
(1) This section applies if a party to an agreement which may infringe the Chapter I prohibition has notified the agreement to the Commission for a decision as to whether an exemption will be granted under Article 85 with respect to the agreement. (2) A penalty may not be required to be paid under this Part in respect of any infringement of the Chapter I prohibition after notification but before the Commission determines the matter. (3) If the Commission withdraws the benefit of provisional immunity from penalties with respect to the agreement, subsection (2) ceases to apply as from the date on which that benefit is withdrawn. (4) The fact that an agreement has been notified to the Commission does not prevent the OFT from investigating it under this Part. (5) In this section “provisional immunity from penalties” has such meaning as may be prescribed.
41 Agreements notified to the Commission.
(1) This section applies if a party to an agreement which may infringe the Chapter I prohibition has notified the agreement to the Commission for a decision as to whether an exemption will be granted under Article 85 with respect to the agreement. (2) A penalty may not be required to be paid under this Part in respect of any infringement of the Chapter I prohibition after notification but before the Commission determines the matter. (3) If the Commission withdraws the benefit of provisional immunity from penalties with respect to the agreement, subsection (2) ceases to apply as from the date on which that benefit is withdrawn. (4) The fact that an agreement has been notified to the Commission does not prevent the OFT from investigating it under this Part. (5) In this section “provisional immunity from penalties” has such meaning as may be prescribed.
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Who it helps, what it costs, what it fixes. It is what persuades people to support it.
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