Section 7

A block exemption order may provide that a party to an agreement which— may notify the OFT of the agreement for the purposes of subsection (2). does not qualify for the block exemption created by the order, but satisfies specified criteria, An agreement which is notified under any provision included in a block exemption order by virtue of subsection (1) is to be treated, as from the end of the notice period, as falling within a category specified in a block exemption order unless the OFT— is opposed to its being so treated; and gives notice in writing to the party concerned of its opposition before the end of that period. If the OFT gives notice of its opposition under subsection (2), the notification under subsection (1) is to be treated as both notification under section 14 and as a request for an individual exemption made under subsection (3) of that section. In this section “notice period” means such period as may be specified with a view to giving the OFT sufficient time to consider whether to oppose under subsection (2).

← 8 · All articles · 1 →

Source: legislation.gov.uk · retrieved 2026-09-04