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StatuteCompetition Act

Section 124.3 — Competition Act: Certificate

Text of the provision Official document

If the Commissioner is satisfied by a party or parties that propose to enter into an agreement or arrangement that it is for the purpose of protecting the environment and that it is not likely to prevent or lessen competition substantially in a market, they may issue a certificate that they are so satisfied. The Commissioner must consider any request for a certificate under this section as soon as practicable. The party or parties seeking a certificate must, on request, provide to the Commissioner any information related to the agreement or arrangement. The Commissioner must specify in the certificate the names of the parties to the agreement or arrangement as well as a description of the agreement or arrangement’s content. The Commissioner may specify in the certificate any terms that the Commissioner considers appropriate. The Commissioner must specify in the certificate its period of validity, which is not to exceed 10 years, and on request of the parties may extend that period for one or more additional periods not exceeding 10 years.

Official source: laws-lois.justice.gc.ca

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.