Have your say on government e-petitions

Raise The Trading Schemes Regulations 1997 £200 'liability limit' to £750

Submitted by Graham Rouse on Tuesday 17th January 2023

Published on Monday 23rd January 2023

Current status: Open

Open until: Sunday 23rd July 2023

Current Signatures: 23
(count is updated approximately hourly)

Relevant Departments

Tagged with

25 years ~ Accept ~ Agreement ~ inflation ~ Liability ~ Old ~ Payment ~ Petition ~ Raise ~ Regulations ~ Request ~ Scheme ~ The £200 ~ Years

Petition Action

Raise The Trading Schemes Regulations 1997 £200 'liability limit' to £750

Petition Details

This petition is a request to raise the £200 liability limit in Section 10 of The Trading Schemes Regulations 1997 to £750 to reflect inflation since this legislation was passed, whilst retaining protection for scheme participants.

Additional Information

The existing limit is now 25 years old!

The current legislation reads:

10. A promoter of, or a participant in, a trading scheme shall not accept from a participant joining the trading scheme any payment or an undertaking to make a payment of any sum exceeding £200 unless 7 days have expired from the making of the agreement relating to goods or services supplied or to be supplied under that agreement to the participant by the promoter or any other participant under the trading scheme.

If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.

Sign this petition
at petition.parliament.uk

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