The Competition and Markets Authority (CMA) has now published its final recommendation for a UK Vertical Agreements Block Exemption Order (VABEO). The VABEO would set out how UK competition law applies to vertical agreements from 1 June 2022, replacing the Vertical Agreements Block Exemption Regulation (Retained VABER) which was retained in UK law following Brexit. The CMA's recommendation differs in some respects from both the Retained VABER and proposed new EU Regulation on vertical agreements.
Here are 10 key points to note in the CMA's recommendations:
Alongside the VABEO itself, the CMA intends to consult on accompanying guidance later in 2021 or early 2022. The final legislative text of the VABEO is also expected next year.