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<p>We have not made such an assessment, however we recognise that before the introduction
of the Timeshare, Holiday Products, Resale and Exchange Regulations 2011, UK consumer’s
received consumer protections under the Timeshare Act 1992. The previous regulations
did not include provisions to protect consumers from the apparently perpetual nature
of some timeshare contracts. The new regime provides improved protections for consumers
buying and selling timeshares and other long-term “holiday club” memberships including
provision for consumers to withdraw from the contract. At the time of implementing
the 2011 Regulations an impact assessment was undertaken.</p>
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