Section 49: Review of price undertaking

49. Review of price undertaking (1) The Investigating Authority may require any party from whom undertakings have been accepted to provide information relevant to the fulfilment of the undertaking. (2) The Investigating Authority may, on its own initiative, and shall, when requested to do so by an interested party, submit positive evidence justifying the need for a review, initiate a review of any undertaking given and accepted under this Part and shall complete that review within 12 months of its initiation. (3) An undertaking given and accepted under this Part shall automatically lapse after 5 years from the date that is the later of— (a) the date of acceptance of the undertaking; or (b) where a review carried out under subsection (2) has been completed, the date of an initiation of that review, unless at that date the undertaking is subject to a review under subsection (2).