Suggest a correction

Effect of incomplete, false or misleading information on immunity from penalty

Competition (Transitional Provisions for Section 34 Prohibition) Regulations

Match the official source exactly.

What needs fixing?

Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

—(1) Where the Commission terminates an extension of the transitional period granted to the parties to an agreement under these Regulations on the ground specified in regulation 6(1)(a), the Commission may remove the immunity given to the parties by regulation 3(1) during any or both of the following:(a)the interim period;(b)any extension of the transitional period before the termination.(2) Where, subsequent to the expiry of any extension of the transitional period granted to the parties to an agreement under these Regulations, the Commission has reasonable grounds for suspecting that any information provided to the Commission under regulation 4 was incomplete, false or misleading in a material particular, the Commission may remove the immunity given to the parties by regulation 3(1) during any or both of the following:(a)the interim period;(b)any extension of the transitional period.(3) Where the Commission refuses any application by the parties to an agreement on the ground specified in regulation 5(3)(b), the Commission may remove the immunity given to the parties by regulation 3(1) during the interim period.(4) Where, subsequent to any refusal of an application by the parties to an agreement, the Commission has reasonable grounds for suspecting that any information provided to the Commission under regulation 4 was incomplete, false or misleading in a material particular, the Commission may remove the immunity given to the parties by regulation 3(1) during any or both of the following:(a)the interim period;(b)any period specified by the Commission under regulation 5(4) or by the Board under section 73(8) of the Act on an appeal under regulation 9, for the parties to bring the infringement by the agreement of the section 34 prohibition to an end.

What's the problem? (required)

Source link (optional)

Describe the problem (and edit the text or pick an issue type) to submit.

Suggestions are submitted anonymously. No account or personal information is required or sent.