Source: EURLEX
Language: en
Format: md

27.10.98 EN Official Journal of the European Communities C 329/5

Application for negative clearance and notification for exemption

(Case No IV/37.161 — Financial Times/Goldman Sachs)

(98/C 329/05)

(Text with EEA relevance)

1.��On 21 July 1998 the Commission received an application for negative clearance/notification of agreements pursuant to Article 4 of Council Regulation No 17 from Goldman Sachs
@ Co., The Financial Times Limited, The McGraw Hill Companies, Inc. (acting through its
Standard @ Poor’s division), and FTSE International Limited. These agreements, dated
19 May 1995, concern the compilation and commercial exploitation of a set of securities
market indices formerly known as the FT-Actuaries World Indices and now known as the
Financial Times/Standard @ Poor’s Actuaries World Indices.

2.��The application/notification includes, inter alia, (a) an agreement dealing with the compilation and commercial exploitation of the indices, (b) an agreement regulating the rights and
obligations of Goldman Sachs @ Co., The Financial Times Limited and Standard @ Poor’s on
the one hand, and the actuaries on the other hand, inter alia in relation to the intellectual
property rights in the indices, (c) an agreement regulating the rights of The Financial Times
Limited and Standard @ Poor’s in relation to their joint ownership, use and licensing of their
trade marks in respect of the indices and (d) agreements regarding the termination of the
contracts relating to the former FT-Actuaries World Indices and the consequences thereof.

3.��On preliminary examination, the Commission finds that notified arrangements could fall
within the scope of Regulation 17.

4.��The Commission invites interested third parties to submit their possible observations on
the arrangements.

5.��Observations must reach the Commission not later than 30 days following the date of this
publication. These can be sent by fax ((32-2)�296�98�07) or by post under reference
IV/37.161/D1 to the following address:

European Commission,
Directorate-General for Competition (DG IV),
Directorate D,
Office 5/52,
Avenue de Cortenberg/Kortenberglaan 100,
B-1040 Brussels.