The Competition Act 1998 (Application for Designation of Professional Rules) Regulations 1999
Section 2 of the Competition Act 1998 prohibits agreements between undertakings, decisions by associations of undertakings and concerted practices which prevent restrict or distort competition (“the Chapter I prohibition”). Paragraph 1 of Schedule 4 excludes from the Chapter I prohibition designated professional rules and compliance with those rules. These Regulations provide for the manner in which applications are to be made to the Secretary of State for professional rules to be designated.