Section 119(2)

For subsection (1) substitute— Subject to section 3, agreements between undertakings, decisions by associations of undertakings or concerted practices which have as their object or effect the prevention, restriction or distortion of competition within the United Kingdom and which— are prohibited unless they are exempt in accordance with the provisions of this Part. in the case of agreements, decisions or practices implemented, or intended to be implemented in the United Kingdom, may affect trade in the United Kingdom, or in any other case, are likely to have an immediate, substantial and foreseeable effect on trade within the United Kingdom,

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Source: legislation.gov.uk · retrieved 2026-07-30