Submitted on Monday 27th October 2014
Published on Thursday 30th October 2014
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 64
Raise The Trading Schemes Regulations 1997 £200 liability limit to £500
This petition is a request to raise the £200 liability limit in Section 10 of The Trading Schemes Regulations 1997 to £500 to to enable the UK to compete on the international stage whilst retaining protection for scheme participants.
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.
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3.15.2.239 Wed, 25 Dec 2024 19:00:27 +0000