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The Timeshare Act 1992 (Amendment) Regulations 2003
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- 2003 No. 1922
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations amend the Timeshare Act 1992, in particular the provisions under that Act for ensuring that purchasers of timeshares are given information about their rights to cancel, as well as the application of the Act to cross-border timeshare purchases.
The amendments to the Act are set out in the Schedule to the Regulations. Section 1 of the Act is amended, so that the Act also applies where timeshare accommodation is situated in another EEA State, but the parties to the timeshare agreement are subject to the jurisdiction of UK courts in relation to the agreement. Sections 2, 3 and 4 of the Act are amended, so that the obligation to give notice of the right to cancel a timeshare agreement or a timeshare credit agreement is replaced by an obligation to include information on such cancellation rights within the relevant agreement itself. There are also consequential amendments to sections 1A, 5, 5A, 6, 10A and Schedule 1 of the Act.
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