Consultation expected to be held this summer
The Competition and Markets Authority (CMA) is to review the UK’s European Block Exemption Regulations, the Department for Business, Enterprise and Industrial Strategy has announced.
A consultation is expected to be held this summer on the CMA’s proposed recommendation.
Subject to views it receives from stakeholders during the course of the review, the CMA’s current view is that the retained VBER largely delivers what it was intended to deliver, but it should be examined rigorously to ensure that it takes account of any specific features of the UK economy so that it serves the interests of UK businesses and consumers.
The European Commission has already completed its evaluation of the existing EU VBER and the accompanying EU Guidelines on Vertical Restraints, which has concluded that both are relevant and useful tools that help businesses self-assess vertical agreements.
The CMA will draw on relevant evidence from the Commission’s evaluation as part of its review.
The Independent Automotive Aftermarket Federation’s (IAAF) chief executive, Wendy Williamson has signed up to the round table discussions, which will be taking place this spring, to represent IAAF and its members.
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