"Regulation 1/2003: a modernised application of EC competition rules"*I. Introduction On 16 December 2002, the Council adopted a new Regulation on the implementation of Articles 81 and 82 EC: Regulation 1/2003 (OJ 2003, L1/1). This Regulation replaces Regulation 17, which for over 40 years determined the application of Articles 81 and 82 EC by the Commission and, to a lesser extent, by the national competition authorities. Because the enforcement system as spelled out in Regulation 17 could jeopardise the effective enforcement of the EC competition rules in an enlarged European Union, it was decided to modernise the system. Central to this modernisation is the abolition of the Commission’s exemption monopoly and the introduction of the legal exception system. The former modification
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The Council of the EU adopts a new regulation on the implementation of Articles 81 and 82 of the EC Treaty (Regulation 1/2003)
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