EEC: Regulation No 27 of the Commission: First Regulation implementing Council Regulation No 17 of 6 February 1962

REGULATION No 27 OF THE COMMISSION First Regulation implementing Council Regulation No 17 of 6 February 1962 (Form, content and other details concerning applications and notifications)
THE COMMISSION OF THE EUROPEAN ECONOMIC COMMUNITY
,
Having regard to the provisions of the Treaty establishing the European Economic Community, and in particular Articles 87 and 155 thereof;
Having regard to Article 24 of Council Regulation No 17 of 6 February 1962 (First Regulation implementing Articles 85 and 86 of the Treaty);
Whereas under Article 24 of Council Regulation No 17 the Commission is authorised to adopt implementing provisions concerning the form, content and other details of applications under Articles 2 and 3 and of notifications under Articles 4 and 5 of that Regulation;
Whereas the submission of such applications and notifications may have important legal consequences for each of the undertakings which is party to an agreement, decision or concerted practice ; whereas every undertaking should accordingly have the right to submit an application or a notification to the Commission ; whereas, furthermore, an undertaking exercising this right must inform the other undertakings which are parties to the agreement, decision or concerted practice in order to enable them to protect their interests;
Whereas it is for the undertakings and associations of undertakings to transmit to the Commission information as to facts and circumstances in support of applications under Article 2 and of notifications under Articles 4 and 5;
Whereas it is desirable to prescribe forms for use in applications for negative clearance relating to implementation of Article 85 (1) and for notifications relating to implementation of Article 85 (3) of the Treaty, in order to simplify and accelerate consideration by the competent departments, in the interests of all concerned;