SCHEDULE 1Amendments to the Competition Act 1998

35

1

Section 59 (interpretation of Part 1) is amended as follows.

2

In subsection (1)—

a

after the words “In this Part—” there is inserted— “ “agreement” to be read with section 2(5) and (6); ”;

b

for the definition of “Article 85” there is substituted—

“Article 81(1)” means Article 81(1) of the Treaty;

“Article 81(3)” means Article 81(3) of the Treaty;

c

for the definition of “Article 86” there is substituted—

“Article 82” means Article 82 of the Treaty;

d

after the definition of “the European Court” there is inserted—

“the EC Competition Regulation” means Council Regulation (EC) No. 1/2003 of 16th December 2002 on the implementation of the rules on competition laid down in Articles 81 and 82 of the Treaty;

e

the definition of “individual exemption” shall cease to have effect;

f

after the definition of “investigating officer” there is inserted—

“investigation” means an investigation under section 25;

g

for the definition of “premises” there is substituted—

“premises” includes any land or means of transport;

h

after the definition of “Tribunal rules” there is inserted—

“working day” means a day which is not—

a

Saturday,

b

Sunday,

c

Christmas Day,

d

Good Friday, or

e

a day which is a bank holiday under the Banking and Financial Dealings Act 1971 (c. 80) in any part of the United Kingdom.

3

In the sidenote, for the word “Interpretation” there is substituted “ Interpretation of Part 1 ”.