Petition · past parliament
Raise The Trading Schemes Regulations 1997 £200 'liability limit' to £750
Closed
39 signatures
What the petition asks
This petition is a request to raise the £200 liability limit in Section 10 of The Trading Schemes Regulations 1997 to £750 to reflect inflation since this legislation was passed, whilst retaining protection for scheme participants.
The existing limit is now 25 years old!
The current legislation reads:
10. A promoter of, or a participant in, a trading scheme shall not accept from a participant joining the trading scheme any payment or an undertaking to make a payment of any sum exceeding £200 unless 7 days have expired from the making of the agreement relating to goods or services supplied or to be supplied under that agreement to the participant by the promoter or any other participant under the trading scheme.
The current legislation reads:
10. A promoter of, or a participant in, a trading scheme shall not accept from a participant joining the trading scheme any payment or an undertaking to make a payment of any sum exceeding £200 unless 7 days have expired from the making of the agreement relating to goods or services supplied or to be supplied under that agreement to the participant by the promoter or any other participant under the trading scheme.
Timeline
| 23 Jan 2023 | Petition opened for signatures |
| 23 Jul 2023 | Closed to new signatures |
Key facts
Signatures
39
Status
Closed
Opened
23 Jan 2023
Closed
23 Jul 2023
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Source: the official petition page. Last checked 15 Jul 2026.