The UK Office of Fair Trading gives notice of intention to accept commitments to remedy competition concerns about a joint agreement on terms of supply under Art. 81 EC and UK Chapt. I Prohibition (TV Eye)

OFT, Notice under paragraph 2 of schedule 6a of the Competition Act 1998 of intention to accept binding commitments pursuant to section 31a (2) of the Act (TV Eye Limited), 2 March 2005 The UK Competition Act 1998 was amended, with effect as of 1 May 2004, to allow the OFT to accept binding commitments from parties under investigation to justify the OFT discontinuing its investigation under section 31A and schedule 6A Competition Act 1998. The formal acceptance of such commitments, which must address the OFT's competition concerns, requires the OFT to close its investigation into the conduct addressed by the commitments. The commitments procedure under Section 31A Competition Act mirrors the European Commission's commitments procedure under Article 9 Regulation 1/2003/EC, in line

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Authors

  • Freshfields Bruckhaus Deringer (London)
  • Squire Patton Boggs (London)

Quotation

Alex Potter, Diarmuid Ryan, The UK Office of Fair Trading gives notice of intention to accept commitments to remedy competition concerns about a joint agreement on terms of supply under Art. 81 EC and UK Chapt. I Prohibition (TV Eye), 2 March 2005, e-Competitions March 2005, Art. N° 165

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