Section 5: Individual exemption

5. Individual exemption.___ (1) The Commission may grant an exemption from section 4 with respect to a particular practice or agreement, if a request for an exemption has been made to it by a party to the agreement or practice and the agreement is one to which section 9 applies. (2) The exemption under sub-section (1) may be granted subject to such conditions as the Commission considers it appropriate to impose and has effect for such period as the Commission considers appropriate. (3) That period must be specified in the grant of the exemption. (4) An individual exemption may be granted so as to have effect from a date earlier than that on which it is granted. (5) On an application made in such a way as may be specified by the rules made under section 55, the Commission may extend the period for which an exemption has effect; but, if the rules so provide, the Commission may do so only in specified circumstances.

Effective date: 2010-01-01

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