SCHEDULE 3Amendment of retained direct EU legislation

PART 2Amendment of retained EU Regulations

Commission Regulation (EU) 316/20149

1

Commission Regulation (EU) 316/2014 on the application of Article 101(3) of the Treaty on the Functioning of the European Union to categories of technology transfer agreements is amended as follows.

2

In Article 1(1), after point (c), insert—

ca

“the Chapter 1 prohibition” means the prohibition imposed by section 2(1) of the Competition Act 1998;

3

In Article 2—

a

for paragraph 1 substitute—

Subject to the provisions of this Regulation, technology transfer agreements are exempt from the Chapter 1 prohibition.

b

in paragraph 2, for “Article 101(1) of the Treaty” substitute “the Chapter 1 prohibition”.

4

In Article 5(1), in point (b), for “which the other party holds in the Union” substitute “held by the other party which have effect in the United Kingdom”.

5

Omit Articles 6, 7 and 10.

6

In the words after Article 11, omit the words from “This Regulation shall be binding” to “Member States.”.