39 [F1Limited immunity in relation to the Chapter I prohibition].U.K.
(1)In this section “small agreement” means an agreement—
(a)which falls within a category prescribed for the purposes of this section; but
(b)is not a price fixing agreement.
(2)The criteria by reference to which a category of agreement is prescribed may, in particular, include—
(a)the combined turnover of the parties to the agreement (determined in accordance with prescribed provisions);
(b)the share of the market affected by the agreement (determined in that way).
(3)A party to a small agreement is immune from the effect of section 36(1) [F2so far as that provision relates to decisions about infringement of the Chapter I prohibition]; but the [F3CMA] may withdraw that immunity under subsection (4).
(4)If the [F3CMA] has investigated a small agreement, [F4it] may make a decision withdrawing the immunity given by subsection (3) if, as a result of [F4its] investigation, [F4it] considers that the agreement is likely to infringe the Chapter I prohibition.
(5)The [F3CMA] must give each of the parties in respect of which immunity is withdrawn written notice of [F4its] decision to withdraw the immunity.
(6)A decision under subsection (4) takes effect on such date (“the withdrawal date”) as may be specified in the decision.
(7)The withdrawal date must be a date after the date on which the decision is made.
(8)In determining the withdrawal date, the [F5CMA] must have regard to the amount of time which the parties are likely to require in order to secure that there is no further infringement of the Chapter I prohibition with respect to the agreement.
(9)In subsection (1) “price fixing agreement” means an agreement which has as its object or effect, or one of its objects or effects, restricting the freedom of a party to the agreement to determine the price to be charged (otherwise than as between that party and another party to the agreement) for the product, service or other matter to which the agreement relates.
Textual Amendments
F1Words in s. 39 sidenote substituted (1.5.2004) by The Competition Act 1998 and Other Enactments (Amendment) Regulations 2004 (S.I. 2004/1261), reg. 1(a), Sch. 1 para. 24(3)
F2Words in s. 39(3) inserted (1.5.2004) by The Competition Act 1998 and Other Enactments (Amendment) Regulations 2004 (S.I. 2004/1261), reg. 1(a), Sch. 1 para. 24(2)
F3Word in s. 39(3)-(5) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 5 para. 23 (with s. 28); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F4Words in s. 39 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), s. 279, Sch. 25 para. 38(31); S.I. 2003/766, art. 2, Sch. (with art. 3) (as amended (20.7.2007) by S.I. 2007/1846, reg. 3(2), Sch.)
F5Word in s. 39(8) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 5 para. 23 (with s. 28); S.I. 2014/416, art. 2(1)(d) (with Sch.)