Part I Regulation of Investment Business

Chapter XIV Prevention of Restrictive Practices

Consequential exemptions from competition law

F1126 The Competition Act 1980.

(1)

No course of conduct constituting any such practice as is mentioned in section 119(2) or 121(2) above shall constitute an anti-competitive practice for the purposes of the M1Competition Act 1980.

(2)

Where a recognition order or delegation order is revoked, there shall not be treated as an anti-competitive practice for the purposes of that Act any such course of conduct as is mentioned in subsection (1) above which occurred while the order was in force.