Part I Competition
Chapter I Agreements
Exemptions
4 Individual exemptions.
F1(1)
The F2OFT may grant an exemption from the Chapter I prohibition with respect to a particular agreement if—
(a)
a request for an exemption has been made to F2it under section 14 by a party to the agreement; and
(b)
the agreement is one to which section 9 applies.
(2)
An exemption granted under this section is referred to in this Part as an individual exemption.
(3)
The exemption—
(a)
may be granted subject to such conditions or obligations as the F2OFT considers it appropriate to impose; and
(b)
has effect for such period as the F2OFT considers appropriate.
(4)
That period must be specified in the grant of the exemption.
(5)
An individual exemption may be granted so as to have effect from a date earlier than that on which it is granted.