Procedure for exempting agreements from prohibition
Pursuant to Articles 5, 6 and 7 of this Law, horizontal agreements, vertical agreements, license agreements and amendments thereto shall be notified to the Authority.
Pursuant to Article 49 and 50 of the Law, the time limit for considering the notification shall begin to be calculated with the receipt of all information from the Authority to be provided by the undertakings in the notification form.
If the notification is not complete and accurate, the Authority shall notify in writing within 15 days of the receipt of the notification, the parties making the notification or their representatives to complete it. The notification shall be effective only on the date on which the Authority receives accurate and complete data. The time limit for the completion of such data required by the Authority shall be 30 days, starting from the date of notification by the Authority. In case of non-compliance with the deadline, the sanctions provided for in Article 73, paragraph 1, letter b and d of the Law shall apply.
In the notice, inaccurate, incomplete or misleading data will be subject to the Law as follows:
Pursuant to section 73, point 1/a and e of the Law, inaccurate, incomplete or misleading data may make the party or parties making the notification responsible for imposing penalties up to 1 percent of the total turnover of the previous financial year.
Pursuant to Article 51, point 1/c of the Law, the Commission may revoke or change its decision concerning the exclusion from the prohibition of agreement.