Proposal by the parties to a concentration to modify their originally notified project within a specified period (for example, by divest- ing a business or assets). Such commitments must address the competition concerns raised by the Commission and restore competition in the relevant product and geographic markets. They can form the basis for the Commission’s clearance of the notified concentration. The Commission may attach conditions and/or obligations to its clearance decision, so as to ensure compliance with the commitments offered.
A similar approach is applied by the Commission in procedures aimed at clearing (See Negative clearance) or exempting notified agreements (See Individual exemption), as well as in proceedings dealing with the abuse of a dominant position.
Source: Glossary of terms used in EU competition policy, Antitrust and control of concentrations, European Commission, 2002