Article 1
On the basis of the facts in its possession, the Commission finds no grounds for action under Article 81(1) of the EC Treaty and/or Article 53 of the EEA Agreement in respect of the following provisions of the notified rules and regulations governing the Visa International payment card scheme: - the principle of territorial licensing in section 2.10 of the Visa International by-laws and regional boards delegations ("the by-laws"), - the no-discrimination rule in section 5.2.C of the general rules - Visa international operating regulations - volume 1 ("the general rules"), - the modified rules on cross-border issuing in section 2.10 of the by-laws, section 3.03 of the by-laws and section 3.2.G of the general rules, - the modified rules on cross-border acquiring in section 2.10 of the by-laws, section 4.2.A.2b of the general rules and section 4.11 of the European Union - regional operating regulations, - the no acquiring without issuing rule in sections 2.04 to 2.07 of the by-laws, - the honour all cards rule in sections 4.2.A.1.C and 5.2.B.1 of the general rules.