Pyramid Selling Schemes (Amendment) Regulations 1990
| Jurisdiction | UK Non-devolved |
| Citation | SI 1990/150 |
| Year | 1990 |
1990 No. 150
FAIR TRADING
The Pyramid Selling Schemes (Amendment) Regulations 1990
Made 1st February 1990
Laid before Parliament 6th February 1990
Coming into force 1st March 1990
The Secretary of State in exercise of his powers under section 119 of the Fair Trading Act 19731hereby makes the following Regulations:—
1. These Regulations may be cited as the Pyramid Selling Schemes (Amendment) Regulations 1990 and shall come into force on 1st March 1990.
2. The Pyramid Selling Schemes Regulations 19892are hereby amended:
(a) in regulation 2, by the substitution of the following for paragraphs (a) and (b) after the words “save that”:—
“without prejudice to the operation of sections 16 and 23 of the Interpretation Act 19783, regulations 5 and 6 and paragraphs (1), (2) and (3) of regulation 10 thereof shall continue to apply to things done on or after 1st March 1990 under or in connection with agreements made before that date.”
(b) in regulation 4(1), by the substitution of the following for the words from the beginning of that paragraph to the end of sub-paragraph (b)(i):—
“4.—(1) Subject to paragraph (2) of this regulation, a person shall not issue, circulate or distribute any document, being an advertisement, prospectus, circular or notice, containing—
(a)
(a) any invitation to persons to become participants in a selling scheme, or
(b)
(b) any information likely to lead directly or indirectly to persons becoming participants in such a scheme,
UNLESS—
(i) it states the date from which the scheme first operated in the United Kingdom or, in the case of a proposed scheme, the date from which it is proposed to operate it;”
(c) in regulation 5(1), by the insertion of the words “of time” after the word “period” where it first appears, by the substitution of the words “do not exceed” for the word “represent” and by the substitution of the words “a period of time in the past three years of the same length as that referred to in the statement” for the words “the same period”;
(d) in regulation 6(1), by the substitution of the following for the words from the beginning of that paragraph to the end of sub-paragraph d(i):—
“6.—(1) Subject to paragraph (2) of this regulation, a promoter of, or a participant in, a selling scheme shall not—
(a)
(a) supply goods or services to a...
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