Part 2: Competition The Chapter 1 and 2 prohibitions
Section 119: Removal of requirement for agreements etc to be implemented in the UK
	This section expands the territorial reach of the Chapter 1 prohibition of the Competition Act 1998.
	The Chapter 1 prohibition makes illegal agreements between undertakings, decisions by associations of undertakings or concerted practices which may affect trade within the United Kingdom and have as their object or effect the prevention, restriction or distortion of competition. Prior to this Act, such agreements, decisions and practices were only prohibited where they are, or are intended to be, implemented in the United Kingdom.
	Subsections (2) and (3) expand the territorial reach of the Chapter 1 prohibition. Subsection (2) replaces the previous section 2(1) to provide that agreements, decisions and practices which are, or are intended to be, implemented in the United Kingdom continue to fall in scope of the Chapter 1 prohibition insofar as they may affect trade within the United Kingdom, and further that agreements etc. which are likely to have an immediate, substantial and foreseeable effect on trade within the United Kingdom are also within the scope of the Chapter 1 prohibition, even when these are not implemented in the United Kingdom. The expansion of the territorial reach of the prohibition is therefore qualified by the degree to which it has an effect on trade in the United Kingdom. Agreements etc. implemented outside of the United Kingdom which are likely to have a more limited effect in the United Kingdom than those which are immediate, substantial and foreseeable are not captured by the Chapter 1 prohibition. Subsection (3) repeals the previous section 2(3) of the Competition Act 1998 which sets out that only agreements etc. implemented or intended to be implemented in the United Kingdom are caught by the prohibition.
	The qualified effects test ensures that UK trade and businesses and consumers based in the United Kingdom are protected from the detrimental effects of anticompetitive conduct, regardless of where that conduct takes place, even when an agreement is implemented in another jurisdiction.
	Subsection (4) provides that the expanded scope of the prohibition only applies to agreements etc. which are made after the coming into force of the section.
	Subsection (5) applies the interpretative provision made at section 2(5) of the Competition Act 1998 so that the reference to "agreements" in subsection (4) is to be read as applying equally to, or in relation to, a decision by an association of undertakings or a concerted practice (but with any necessary modifications).