The EU Commission adopts a block exemption regulation for the insurance sector

"The New Block Exemption Regulation for the Insurance Sector"* A block exemption regulation (BER) allows market players the benefit of a safe harbour from the prohibition on anti-competitive agreements, decisions and concerted practices laid down in Article 101(1) of the Treaty on the Functioning of the European Union (the TFEU), provided they comply with the BER's conditions. If they do, they are ex ante in line with EU competition law. Agreements not covered by a BER are not presumed to be illegal, but must be assessed under Article 101(1) and if appropriate, 101(3) of the TFEU. Following a lengthy review of the functioning of the previous insurance BER, Regulation (EC) No 358/2003, on 24 March 2010 the European Commission adopted Commission Regulation (EU) No 267/2010, the new

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Laura Stefanescu, The EU Commission adopts a block exemption regulation for the insurance sector, 24 March 2010, e-Competitions March 2010, Art. N° 34859

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