Section 124.7 — Competition Act: Rescission or variation of certificate

The Tribunal may rescind or vary a certificate issued under subsection 124.3(1) if, on application by the Commissioner, the parties to the agreement or arrangement that is the subject of the certificate or a person directly and substantially affected in the whole or part of their business by the agreement or arrangement, the Tribunal finds that the parties have terminated the agreement or arrangement without giving notice of the termination in accordance with subsection 124.6(1); the parties have agreed, with the Commissioner’s consent, to vary the agreement or arrangement; the agreement or arrangement is not being implemented in accordance with the description of it in the certificate; the parties have failed to comply with the terms specified in the certificate; or the agreement or arrangement prevents or lessens, or is likely to prevent or lessen, competition substantially in a market.