Competition Act, 1991
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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). |