SCHEDULE 2 ENFORCEMENT ACTION IN EUROPEAN INTERVENTION NOTICE CASES

2 Pre-emptive undertakings and orders
(1) Sub-paragraph (2) applies where a European intervention notice is in force.
(2) The Secretary of State may by order, for the purpose of preventing pre-emptive action—
(a) prohibit or restrict the doing of things which the Secretary of State considers would constitute pre-emptive action;
(b) impose on any person concerned obligations as to the carrying on of any activities or the safeguarding of any assets;
(c) provide for the carrying on of any activities or the safeguarding of any assets either by the appointment of a person to conduct or supervise the conduct of any activities (on such terms and with such powers as may be specified or described in the order) or in any other manner;
(d) do anything which may be done by virtue of paragraph 19 of Schedule 8 to the Act.
(3) An order under this paragraph—
(a) shall come into force at such time as is determined by or under the order; and
(b) may be varied or revoked by another order.
(4) An order which is in force under this paragraph in relation to a reference or possible reference under article 5 shall cease to be in force if an undertaking under paragraph 1 or 3 comes into force in relation to that reference.
(5) An order under this paragraph shall, if it has not previously ceased to be in force, cease to be in force when the European intervention notice concerned ceases to be in force.
(6) No order shall be made by the Secretary of State under this paragraph before the making of a reference under article 5 unless the order relates to a European relevant merger situation which has been, or may have been, created.
(7) The Secretary of State shall, as soon as reasonably practicable, consider any representations received by her in relation to varying or revoking an order under this paragraph.