Article 64

The Commission may impose upon undertakings, which infringe the provisions of this  Chapter or decisions taken thereunder fines not exceeding twice the value of the sales effected  in disregard thereof. If the infringement is repeated, this maximum shall be doubled.

CHAPTER 6

AGREEMENTS AND CONCENTRATIONS

Article 65

1. All agreements between undertakings, decisions by associations of undertakings and  concerted practices tending directly or indirectly to prevent, restrict or distort normal  competition within the common market shall be prohibited, and in particular those tending:

a. To fix or determine prices;
b. To restrict or control production, technical development or investment;
c. To share markets products, customers or sources of supply.

2. However, the Commission shall authorize specialization agreements or joint  buying or joint selling agreements in respect of particular products, if it finds that:

a. Such specialization or such joint buying or joint selling will make for a substantial  improvement in the production or distribution of those products;
b. The agreement in question is essential in order to achieve these results and is not more  restrictive than is necessary for that purpose; and

c. The agreement is not liable to give the undertakings concerned the power to determine the  prices, or to control or restrict the production or marketing, of a substantial part of the  products in question within the common market, or to shield them against effective  competition from other undertakings within the common market.

If the Commission finds that certain agreements are strictly analogous in nature and effect to  those referred to above, having particular regard to the fact that this paragraph applies to  distributive undertakings, it shall authorize them also when satisfied that they meet the same  requirements.

Authorizations may be granted subject to specified conditions and for limited periods. In such  cases the Commission shall renew an authorization once or several times if it finds that the  requirements of subparagraphs ( a ) to ( c ) are still met at the time of renewal.

The Commission shall revoke or amend an authorization if it finds that as a result of a change  in circumstances the agreement no longer meets these requirements, or that the actual results  of the agreement or of the application thereof are contrary to the requirements for its  authorization.

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