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Financial Services and Markets Act 2000
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164The Competition Act 1998
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(1)The Chapter I prohibition does not apply to an agreement the parties to which consist of or include—
(a)an authorised person, or
(b)a person who is otherwise subject to the Authority’s regulating provisions,
to the extent to which the agreement consists of provisions the inclusion of which in the agreement is encouraged by any of the Authority’s regulating provisions.
(2)The Chapter I prohibition does not apply to the practices of an authorised person or a person who is otherwise subject to the regulating provisions to the extent to which the practices are encouraged by any of the Authority’s regulating provisions.
(3)The Chapter II prohibition does not apply to conduct of—
(a)an authorised person, or
(b)a person who is otherwise subject to the Authority’s regulating provisions,
to the extent to which the conduct is encouraged by any of the Authority’s regulating provisions.
(4)“The Chapter I prohibition” means the prohibition imposed by section 2(1) of the [1998 c. 41.] Competition Act 1998.
(5)“The Chapter II prohibition” means the prohibition imposed by section 18(1) of that Act.
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