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Changes over time for: Cross Heading: Exemptions from the Competition Act 1998
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 01/04/2013
Status:
Point in time view as at 29/12/2003.
Changes to legislation:
There are currently no known outstanding effects for the The Uncertificated Securities Regulations 2001, Cross Heading: Exemptions from the Competition Act 1998.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Exemptions from the Competition Act 1998U.K.
6.—(1) The Chapter I prohibition does not apply to —U.K.
(a)an agreement for the constitution of an Operator; or
(b)an agreement for the constitution of a person who has applied for approval as an Operator in accordance with these Regulations and whose application has not yet been determined,
to the extent to which the agreement relates to rules made or guidance issued by the Operator.
(2) The Chapter I prohibition does not apply to a decision made by an Operator to the extent to which the decision relates to any of the rules made or guidance issued by that Operator or to the Operator’s specified practices.
(3) The Chapter I prohibition does not apply to the specified practices of—
(a)an Operator; or
(b)a person who is subject to the rules of an Operator.
(4) The Chapter I prohibition does not apply to any agreement the parties to which consist of or include—
(a)an Operator; or
(b)a person who is subject to the rules of an Operator,
to the extent to which the agreement consists of provisions the inclusion of which is required or contemplated by these Regulations or by any rules made or guidance issued by the Operator or by the Operator’s specified practices.
(5) In this paragraph—
“the Chapter I prohibition” means the prohibition imposed by section 2(1) of the Competition Act 1998(); and
“specified practices” means—
(a)
any practices of an Operator in its capacity as such; or
(b)
any practices of persons who are members of, or otherwise subject to rules made by, an Operator and which are practices—
(i)
in relation to business in respect of which the persons in question are subject to the rules of the Operator where those practices are required or contemplated by the rules of the Operator or by guidance issued by the Operator; or
(ii)
otherwise attributable to the conduct of the Operator as such;
and expressions used in this paragraph which are also used in Part I of the Competition Act 1998 are to be interpreted in the same way as for the purposes of that Part of that Act.
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