Competition Act, 1991

Licence of Authority under section 4 (2) and certificate of Authority under section 4 (4).

8.—(1) A licence of the Authority under section 4 (2) shall be granted for a specified period subject to such conditions as may be attached to and specified in the licence.

(2) The Authority may from time to time, on the application of a party to a request under section 7 , extend the period of a licence if it is of opinion that the requirements of section 4 (2) continue to be fulfilled and the Authority shall, as soon as may be, cause to be published in Iris Oifigiúil notice of any such extension.

(3) Where the Authority is of the opinion that, having regard to the requirements of section 4 (2) and to the basis upon which a licence under that subsection was granted—

(a) there has been a material change in any of the circumstances on which the decision was based,

(b) any party commits a breach of any obligation attached to the decision,

(c) the licence was based on materially incorrect or misleading information, or

(d) any party abuses the permission granted to it by the licence,

the Authority may revoke or amend the licence and, without prejudice to the generality of this subsection, may in particular insert in a licence conditions the effect of which is to prohibit specific acts by any party thereto which would otherwise be authorised pursuant to such a licence.

(4) The Authority shall as soon as may be cause to be published in Iris Oifigiúil notice of every revocation or amendment of a licence under section 4 (2).

(5) Every licence under section 4 (2) shall have effect in accordance with its terms, subject to any amendment thereof including any conditions inserted therein under subsection (3) of this section.

(6) The Authority may revoke a certificate under section 4 (4) where it is of opinion that—

(a) there has been a material change in any of the circumstances on which the certificate was based, or

(b) the certificate was based on materially incorrect or misleading information.

(7) The Authority shall as soon as may be cause to be published in Iris Oifigiúil notice of every revocation under subsection (6).