|Author (Corporate)||European Commission: DG Competition|
|Series Title||Official Journal of the European Union|
|Series Details||L 270, Pages 39-75|
|Content Type||Legislation, Policy-making|
Regulation adopted by the European Commission on 23 July 2021, introducing amendments to Regulation (EU) No 651/2014 declaring certain categories of aid compatible with the internal market in application of Articles 107-108 TFEU. This is a text with EEA relevance.
As a general rule, State aid must be notified to and cleared by the European Commission before it is granted under Article 107 and 108 TFEU. Commission Regulation (EU) No 651/2014 - also known as the General Block Exemption Regulation (GBER) - seeks to exempt Member States of the European Union (EU) from this obligation to certain companies, as long as the criteria are fulfilled.
The revised rules under this Regulation concern:
Exempting such aid from prior notification constitutes a major simplification, which facilitates a quick implementation of such measures by Member States, where conditions limiting the distortion of competition in the EU Single Market are met.
This Regulation was adopted by the European Commission on 23 July 2021. It was published in the Official Journal on 29 July 2021.
|Subject Categories||Internal Markets|
|Subject Tags||Competition Law | Policy|
|International Organisations||European Union [EU]|