First notification to the OFT for decision under the Competition Act

United Kingdom

On 1st March 2000, Mastercard/Europay UK Ltd (MEPUK) filed the first application for a Chapter I Exemption with the OFT. MEPUK's members and shareholders are most of the UK banks that issue MasterCard/Europay payment instruments and are licensed to use the trade and service marks of MasterCard and Europay in the UK. The purpose of MEPUK is to enable its members to liaise over issues relating to the development of the payment schemes of MasterCard and Europay in the UK and worldwide and to present its members' position regarding such issues to MasterCard and Europay.

MEPUK has notified its Memorandum and Articles of Association and UK Domestic Rules relating to the Eurocard/MasterCard product to the OFT for a decision under the Competition Act 1998.

(OFT Weekly Gazette 01/2000 and 02/2000)