preamble_14

(5) Whereas reform of the regulatory framework applicable to vertical agreements must in addition take account of the need to simplify administrative supervision which would result in a reduction of the number of notifications of vertical agreements; whereas thee should be a reduction of the incentive to notify vertical agreements which are in compliance with the policy of the Commission and the case-law of the Court of Justice and the Court of first instance; whereas, to achieve that objective, the Commission should be empowered to grant individual exemption for vertical agreements caught by Article 81(1) of the Treaty from the date on which they were entered into;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-22 · Text as adopted (Official Journal); later amendments are not incorporated in this text.