The Trading Schemes Regulations 1997

Citation, commencement and application

1.—(1) These Regulations may be cited as the Trading Schemes Regulations 1997 and shall come into force on 6th February 1997.

(2) Subject to paragraph (3) below, these Regulations shall apply–

(a) from the date of their coming into force to any trading scheme to which Part XI of the Fair Trading Act 1973 applies and which came into existence on or after the date of coming into force of these Regulations, and to any agreement made under such a trading scheme;

(b) after a period of six months from the date of their coming into force to any trading scheme in existence prior to the coming into force of the Act and to which Part XI of the Fair Trading Act 1973 did not apply prior to that date.

(3) Where an agreement is made after the date of coming into force of these Regulations but prior to the expiry of a six months period after that date under a trading scheme to which Part XI of the Fair Trading Act 1973 applied prior to the coming into force of the Act such agreement shall comply either with the 1989 Regulations or these Regulations.

(4) Subject to paragraph (3) above the 1989 Regulations shall not apply to any trading scheme coming into operation after the date of the coming into force of these Regulations or to any agreement made after that date under any trading scheme to which Part XI of the Fair Trading Act 1973 applies.