The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010

Regulation 13(2)(a)

SCHEDULE 1 Standard Information Form for Timeshare contracts

Part 1

Part 2

Part 3

Regulation 13(2)(b)

SCHEDULE 2 Standard Information Form for Long-Term Holiday Product Contracts

Part 1

Part 2

Part 3

Regulation 13(2)(c)

SCHEDULE 3 Standard Information Form for Resale Contracts

Part 1

Part 2

Part 3

Regulation 13(2)(d)

SCHEDULE 4 Standard Information Form for Exchange Contracts

Part 1

Part 2

Part 3

Regulation 15(7)

SCHEDULE 5 Separate Standard Withdrawal Form to facilitate the Right of Withdrawal

Regulation 36(3)

SCHEDULE 6 Consequential Amendments

Local Government Finance Act 1988

1.—(1) The Local Government Finance Act 1988(1) is amended as follows.

(2) In section 66 (domestic property), in subsection (2E), for the words from “timeshare accommodation” to the end substitute “overnight accommodation which is the subject of a timeshare contract within the meaning of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.

Criminal Justice and Police Act 2001

2.—(1) The Criminal Justice and Police Act 2001(2)is amended as follows.

(2) In section 65 (meaning of “legal privilege”)—

(a) in subsection (6)—

(i) for “sub-paragraph (2) of paragraph 3 of Schedule 2 to the Timeshare Act 1992” substitute “regulation 32(3) of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010”;

(ii) for “sub-paragraph (4) of that paragraph” substitute “regulation 32(8) of those Regulations”;

(b) for subsection (9)(c) substitute—

“(c) regulation 32(3) of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010,”.

(3) In section 66 (general interpretation of Part 2)(3)—

(a) omit subsection (4)(m);

(b) after subsection (4)(r) insert—

“(s) regulation 32 of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 (powers of officers of enforcement authorities).”.

(4) In Part 1 of Schedule 1 (powers to which section 50 applies)(4)—

(a) omit paragraph 56;

(b) after paragraph 73M insert—

“Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010

73N.   The power of seizure conferred by regulation 32(3) of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 (powers of officers of enforcement authorities).”.

Enterprise Act 2002

3.—(1) The Enterprise Act 2002(5)is amended as follows.

(2) In Part 1 of Schedule 13 (listed Directives and Regulations)—

(a) omit paragraph 6 (Directive 94/47/EC concerning timeshare contracts);

(b) after paragraph 9D insert—

“9E   Directive 2008/122/EC of the European Parliament and of the Council of 14 January 2009 on the protection of consumers in respect of certain aspects of timeshare, long-term holiday product, resale and exchange contracts.”.

(3) In Schedule 14 (specified functions) omit “Timeshare Act 1992.”.

(4) In Schedule 15 (enactments conferring functions) omit “Timeshare Act 1992.”.

Regulatory Enforcement and Sanctions Act 2008

4.—(1) The Regulatory Enforcement and Sanctions Act 2008(6) is amended as follows.

(2) In Schedule 3 (enactments specified for the purposes of Part 1) omit “Timeshare Act 1992”.

(3) In Schedule 6 (enactments specified for the purposes of orders under Part 3) omit “Timeshare Act 1992”.

Consumer Credit (Agreements) Regulations 1983

5.—(1) The Consumer Credit (Agreements) Regulations 1983(7) are amended as follows.

(2) For paragraph 23 in Schedule 1 substitute—

“23. Agreements that cannot be cancelled by the debtor under the Act, the Financial Services (Distance Marketing) Regulations 2004 or the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.

(3) A statement that the debtor has no right to cancel the agreement under the Consumer Credit Act 1974, the Financial Services (Distance Marketing) Regulations 2004 or the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”

Consumer Protection (Distance Selling) Regulations 2000

6.—(1) In the Consumer Protection (Distance Selling) Regulations 2000(8), in regulation 6 (contracts to which only part of these Regulations apply), for paragraph (1), substitute—

“6.— (1) Regulations 7 to 20 shall not apply to a contract which is a regulated contract within the meaning of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.

Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

7.—(1) The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001(9) is amended as follows.

(2) In article 61 (regulated mortgage contracts), for paragraph (4)(d), substitute—

“(d) “timeshare accommodation” means overnight accommodation which is the subject of a timeshare contract within the meaning of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.

(3) In article 63J (entering into and administering regulated sale and rent back agreements) for paragraph (4)(b) substitute—

“(b) “timeshare accommodation” means overnight accommodation which is the subject of a timeshare contract within the meaning of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010; and”.

Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001

8.—(1) The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001(10) is amended as follows.

(2) In article 2 (interpretation)—

(a) after the definition of “individual pension account” insert—

““long-term holiday product contract” has the meaning given by regulation 8 of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010;”; and

(b) for the definition of “timeshare rights” substitute—

““timeshare contract” has the meaning given by regulation 7 of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.

(3) In the Schedule (arrangements not amounting to a collective investment scheme), for paragraph 13 substitute—

“13.    Timeshare and long-term holiday product schemes

Arrangements do not amount to a collective investment scheme if the rights or interests of the participants are rights under a timeshare contract or a long-term holiday product contract.”.

Enterprise Act 2002 (Part 8 Community Infringements Specified UK Laws) Order 2003

9.  In the Enterprise Act 2002 (Part 8 Community Infringements Specified UK Laws) Order 2003(11), in the Schedule (listed Directives),—

(a) omit the entry for Directive 94/47/EC of the European Parliament and of the Council of 26 October 1994 on the protection of purchasers in respect of certain aspects of contracts relating to the purchase of the right to use immovable properties on a timeshare basis(12);

(b) after the entry for Directive 2008/48/EC insert—

“Directive 2008/122/EC of the European Parliament and of the Council of 14 January 2009 on the protection of consumers in respect of certain aspects of timeshare, long-term holiday product, resale and exchange contracts

Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010”

Enterprise Act 2002 (Part 8 Notice to OFT of Intended Prosecution, Specified Enactments, Revocation and Transitional Provision) Order 2003

10.  In the Enterprise Act 2002 (Part 8 Notice to OFT of Intended Prosecution, Specified Enactments, Revocation and Transitional Provision) Order 2003(13), in the Schedule, for the entry for the Timeshare Act 1992, substitute—

“Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010

All offences under those Regulations”

Enterprise Act 2002 (Part 8 Domestic Infringements) Order 2003

11.  In the Enterprise Act 2002 (Part 8 Domestic Infringements) Order 2003(14), in the Schedule (specified acts or omissions), omit the entry for the Timeshare Act 1992.

Enterprise Act 2002 (Part 9 Restrictions on Disclosure of Information) (Amendment and Specification) Order 2003

12.—(1) The Enterprise Act 2002 (Part 9 Restrictions on Disclosure of Information) (Amendment and Specification) Order 2003(15) is amended as follows.

(2) In Schedule 3 after the entry for the Business Protection from Misleading Marketing Regulations 2008 insert “Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.

(3) In Schedule 4 after the entry for the Business Protection from Misleading Marketing Regulations 2008 insert “Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.

Financial Services (Distance Marketing) Regulations 2004

13.  In the Financial Services (Distance Marketing) Regulations 2004(16), in regulation 11 (exemptions to the right to cancel), for paragraph (1)(f) substitute—

“(f) a credit agreement cancelled under regulation 23 of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 (automatic termination of credit agreement);”.

Legislative and Regulatory Reform (Regulatory Functions) Order 2007

14.  In the Legislative and Regulatory Reform (Regulatory Functions) Order 2007(17), in the Schedule, in Part 3 under the heading “Consumer and business protection”—

(a) omit “Timeshare Act 1992”;

(b) after the entry for Cosmetic Products (Safety) Regulations 2008, insert—

“Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010”.

Co-ordination of Regulatory Enforcement (Regulatory Functions in Scotland and Northern Ireland) Order 2009

15.—(1) In the Co-ordination of Regulatory Enforcement (Regulatory Functions in Scotland and Northern Ireland) Order 2009(18), in Schedule 1 in Part 1, omit “Timeshare Act 1992”.

Regulation 36(4)

SCHEDULE 7 Transitional and Savings Provisions

Enterprise Act 2002 (Part 8 Community Infringements Specified UK Laws) Order 2003

1.—(1) Despite paragraph 9(a) of Schedule 6, an act or omission to which sub-paragraph (2) applies is to continue to be a Community infringement under section 212 of the Enterprise Act 2002.

(2) This sub-paragraph applies to an act or omission which immediately before the date on which these Regulations come into force is a Community infringement under section 212 of the Enterprise Act 2002 by contravening the provisions of—

(a) Directive 94/47/EC of the European Parliament and of the Council of 26th October 1994 on the protection of purchasers in respect of certain contracts relating to the purchase of the right to use immovable properties on a timeshare basis; or

(b) the Timeshare Act 1992 (not including its application to timeshare accommodation in caravans).

Enterprise Act 2002 (Part 8 Notice to OFT of Intended Prosecution, Specified Enactments, Revocation and Transitional Provision) Order 2003

2.  Despite paragraph 10(2) of Schedule 6, section 230 of the Enterprise Act 2002 is to continue to apply in relation to an intention by a local weights and measures authority in England and Wales to start proceedings for an offence under the provisions of the Timeshare Act 1992.

Enterprise Act 2002 (Part 8 Domestic Infringements) Order 2003

3.—(1) Sub-paragraph (2) applies in relation to an act or omission which, immediately before the date on which these Regulations come into force, is a domestic infringement under section 211 of the Enterprise Act 2002 in respect of the provisions of the Timeshare Act 1992.

(2) Despite paragraph 11 of Schedule 6, the act or omission is to continue to be a domestic infringement under section 211 of the Enterprise Act 2002.

Disclosure of information

4.—(1) This paragraph applies in relation to information which, immediately before the date on which these Regulations come into force, was subject to the provisions of any enactment which permitted the disclosure of information for the purposes of any function under, or proceedings brought under or by virtue of the Timeshare Act 1992.

(2) Despite the repeal of such provisions by these Regulations, such disclosure is to continue to be permitted.

Regulation 36(5)

SCHEDULE 8 Repeals and Revocations

PART 1 Repeals

Short title	Chapter	Extent of repeal.
Timeshare Act 1992	c. 35	The whole Act.
Criminal Justice and Police Act 2001	c. 16	Section 66(4)(m). In Part 1 of Schedule 1 (powers to which section 50 applies), paragraph 56.
Enterprise Act 2002	c.40	In Schedule 13, paragraph 6. In Schedule 14, the words “Timeshare Act 1992”. In Schedule 15, the words “Timeshare Act 1992”.
Regulatory Enforcement and Sanctions Act 2008	c.13	In Schedule 3, the words “Timeshare Act 1992”. In Schedule 6, the words “Timeshare Act 1992”.

PART 2 Revocations

Title	Reference	Extent of revocation
The Timeshare Regulations 1997	S.I. 1997/1081	The entire Regulations.
Enterprise Act 2002 (Part 8 Community Infringements Specified UK Laws) Order 2003	S.I. 2003/1374	In the Schedule the entry for Directive 94/47/EC of the European Parliament and of the Council of 26 October 1994 on the protection of purchasers in respect of certain aspects of contracts relating to the purchase of the right to use immovable properties on a timeshare basis.
Enterprise Act 2002 (Part 8 Domestic Infringements) Order 2003	S.I. 2003/1593	In the Schedule the entry for the Timeshare Act 1992.
The Timeshare Act 1992 (Amendment) Regulations 2003	S.I. 2003/1922	The entire Regulations.
Legislative and Regulatory Reform (Regulatory Functions) Order 2007	S.I. 2007/3544	In Part 3 of the Schedule the words “Timeshare Act 1992”.
Co-ordination of Regulatory Enforcement (Regulatory Functions in Scotland and Northern Ireland) Order 2009	S.I. 2009/669	In Part 1 of the Schedule the words “Timeshare Act 1992”.

(1)

1988 c.41; section 66 was amended by S.I. 1993/542, article 2(b).

(2)

2001 c.16.

(3)

Section 66(4) was amended by S.I. 2008/1277, Schedule 2, paragraph 63.

(4)

Schedule 1 was amended by the Cluster Munitions (Prohibitions) Act 2010, Schedule 3, paragraph 1.

(5)

2002 c.40; Schedule 13 was amended by S.I. 2010/1010, regulation 46(b).

(6)

2008 c.13.

(7)

S.I. 1983/1553, amended by S.I.2004/1482; there are other amending instruments but none is relevant to these Regulations.

(8)

S.I. 2000/2334, to which there are amendments not relevant to these Regulations.

(9)

S.I. 2001/544; relevant amending instruments are SI 2001/3544, SI 2006/2383 and SI 2009/1342.

(10)

S.I 2001/1062, to which there are amendments not relevant to these Regulations.

(11)

S.I. 2003/1374, amended by S.I. 2010/1010; there are other amending instruments but none is relevant.

(12)

O.J. L 280, 29.10.1994, p. 83.

(13)

S.I. 2003/1376, to which there are amendments not relevant to these Regulations.

(14)

S.I. 2003/1593, to which there are amendments not relevant to these Regulations.

(15)

S.I. 2003/1400, as amended by SI 2008/1277; there are other amending instruments but none is relevant.

(16)

S.I. 2004/2095 to which there are amendments not relevant to these Regulations.

(17)

S.I. 2007/3544, amended by SI 2008/1284; there are other amending instruments but none is relevant.

(18)

S.I. 2009/669.