(1) Section 10 [Section 10 was amended by paragraph 38(1) and (8) of Schedule 25 to the Enterprise Act 2002 (c. 40), paragraphs 1 and 4 of Schedule 5 to the Enterprise and Regulatory Reform Act 2013 (c. 24), S.I. 2004/1261 and S.I. 2012/1809.] is amended as follows.

(2) In the heading, for "Parallel exemptions" substitute "Retained exemptions".

(3) Before subsection (1) insert -

"(A1) An agreement is exempt from the Chapter I prohibition if it falls within a category of agreements specified as exempt in a retained block exemption regulation.".

(4) Omit subsections (1) and (2).

(5) In subsection (3), for "parallel exemption" substitute "retained exemption".

(6) In subsection (4) -

(a) for "parallel exemption" substitute "retained exemption";

(b) omit paragraph (a) (together with the final "and");

(c) in paragraph (b), for "exemption from the Community prohibition" substitute "retained block exemption regulation".

(7) In subsection (5) -

(a) in paragraph (a) -

(i) for "parallel exemption" substitute "retained exemption";