The Timeshare Act 1992 (Amendment) Regulations 2003

6.—(1) Section 5 (right to cancel timeshare agreement) is amended as follows.

(2) In subsection (1)—

(a) for paragraph (b) there is substituted—

“(b) the agreement complies with the requirements of sections 2 and 4 of this Act,”,

(b) for “in the notice in pursuance of subsection (2)(a) of that section” there is substituted “in the agreement in pursuance of section 2(2)(a) above”.

(3) In subsection (2), for the words from “a person” to “into the agreement”, there is substituted

• “(a)

  a person enters into a timeshare agreement to which this Act applies as offeree, but

  (b)

  the agreement does not comply with the requirements of sections 2 and 4 of this Act,”

(4) after subsection (3) there is inserted—

“(3A) Where—

(a) the offeree is an individual, and

(b) the accommodation which is the subject of the agreement is accommodation in a building, or some or all of the accommodation in the pool of accommodation which is the subject of the agreement is accommodation in a building,

subsection (3) above applies as if for “fourteen days” there were substituted “three months and ten days”.

(3B) If in a case falling within subsection (3A) above the last day of the period of three months and ten days is a public holiday, the period shall not end until the end of the first working day after the public holiday.”

(5) In subsection (9), paragraph (b) and the word “and” before it are omitted.