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32.—(1) In this Part “the 1976 Act” means the Restrictive Trade Practices Act 1976(1).
(2) The 1976 Act shall not apply to any agreement for the constitution of a body (whether corporate or unincorporated) which operates a registered scheme by reason of—
(a)any term of the agreement; or
(b)any implied term deemed to be contained in the agreement by virtue of section 8(2) or section 16(3) of the 1976 Act;
being in either case a term which is required or contemplated by that scheme.
(3) Where an agreement ceases by virtue of this regulation to be subject to registration under the 1976 Act—
(a)the Director shall remove from the register maintained by him under the 1976 Act any particulars which are entered or filed in that register in respect of the agreement; and
(b)any proceedings in respect of the agreement which are pending before the Restrictive Practices Court shall be discontinued.
(4) Where an agreement which has been exempt from registration under the 1976 Act by virtue of paragraph (2) ceases to be exempt in consequence of the cancellation of the registration of a scheme under regulation 17, the time within which particulars of the agreement are to be furnished in accordance with section 24 of and Schedule 2 to the 1976 Act shall be the period of one month beginning with the day on which the agreement ceased to be exempt from registration under the 1976 Act.
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