The UK OFT grants exemption for agreement to set multilateral interchange fee in the arrangement for operation of a network (LINK International Network)

I. Introduction On 16 October 2001, the UK Office of Fair Trading (« OFT ») concluded its investigation into certain agreements for the operation of the LINK network. The OFT found that, although the centrally set multilateral interchange fee for the operation of the LINK network appreciably prevented, restricted or distorted competition, the requirements for individual exemption from the Chapter I prohibition contained in the Competition Act 1998 were met [1]. The other agreements for the operation of the LINK network did not infringe the Chapter I prohibition. II. Notified agreements On 13 April 2000, the OFT received notice of certain agreements concerning the establishment, organisation and operation of LINK notified to it by LINK Interchange Network Limited (« LINK« ). LINK

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Margarita MacFarlane, The UK OFT grants exemption for agreement to set multilateral interchange fee in the arrangement for operation of a network (LINK International Network), 16 October 2001, e-Competitions Bulletin October 2001, Art. N° 21118

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