Opinion of the Advisory Committee on restrictive agreements and dominant position given at its meeting of 29 November 2013 regarding a draft decision relating to Case C.39914 — Euro Interest Rate Derivatives (Settlement) — Rapporteur: Netherlands
Date: 2013-11-29
Institutions: Advisory Committee on Restrictive Practices and Dominant Positions
Subjects: Euribor, bank, euro, exchange of information, interest, restriction on competition, sanction (EU), trade information








C_2017206EN.01001501.xml










30.6.2017   


EN


Official Journal of the European Union


C 206/15





Opinion of the Advisory Committee on restrictive agreements and dominant position given at its meeting of 29 November 2013 regarding a draft decision relating to Case C.39914 — Euro Interest Rate Derivatives (Settlement)
Rapporteur: Netherlands
(2017/C 206/05)






1.


The Advisory Committee agrees with the Commission that the anticompetitive behaviour covered by the draft decision constitutes an agreement and/or concerted practices between undertakings within the meaning of Article 101 of the TFEU and Article 53 EEA Agreement.










2.


The Advisory Committee agrees with the Commission’s assessment of the product and geographic scope of the agreement and/or concerted practices contained in the draft decision.










3.


The Advisory Committee agrees with the Commission that the undertakings concerned by the draft decision have participated in a single and continuous infringement of Article 101 of the TFEU and Article 53 EEA Agreement.










4.


The Advisory Committee agrees with the Commission that the object of the agreement and/or concerted practices was to restrict competition within the meaning of Article 101 of the TFEU and Article 53 EEA Agreement.










5.


The Advisory Committee agrees with the Commission that the agreement and/or concerted practice have been capable of appreciably affecting trade between the Member States/Contracting Parties.










6.


The Advisory Committee agrees with the Commission’s assessment as regards the duration of the infringement.










7.


The Advisory Committee agrees with the Commission’s draft decision as regards the addressees.










8.


The Advisory Committee agrees with the Commission that a fine should be imposed on the addressees of the draft decision.










9.


The Advisory Committee agrees with the Commission on the application of the 2006 Guidelines on the method of setting fines imposed pursuant to Article 23(2)(a) of Regulation (EC) No 1/2003.










10.


The Advisory Committee agrees with the Commission on the basic amounts of the fines.










11.


The Advisory Committee agrees with the determination of the duration for the purpose of setting the fines.










12.


The Advisory Committee agrees with the Commission that there are no aggravating and no mitigating circumstances applicable in this case.










13.


The Advisory Committee agrees with the Commission as regards the reduction of the fines based on the 2006 Leniency Notice.










14.


The Advisory Committee agrees with the Commission as regards the reduction of the fines based on the 2008 Settlement Notice.










15.


The Advisory Committee agrees with the Commission on the final amounts of the fines.










16.


The Advisory Committee recommends the publication of its opinion in the Official Journal of the European Union.