Competition (Amendment) Act 2022

Amendment of section 7 of Principal Act

7. Section 7 of the Principal Act is amended by the substitution of the following subsection for subsection (1):

“(1) An undertaking that acts in a manner prohibited by section 5(1) or by Article 102 of the Treaty on the Functioning of the European Union, and which—

(a) intentionally or recklessly acts to prevent, restrict or distort competition, or

(b) intentionally or recklessly makes omissions having the effect of preventing, restricting or distorting competition,

shall be guilty of an offence.”.