On 28 October 2018, HM Treasury published a draft of the Consumer Protection (Amendment etc.) (EU Exit) Regulations 2018 together with an explanatory memorandum.
The draft Regulations form part of a series of draft statutory instruments that HM Treasury is publishing as part of its contingency planning for a no-deal Brexit. The statutory instruments are made by HM Treasury in exercise of its powers conferred by the European Union (Withdrawal) Act 2018.
The draft Regulations:
- make amendments to EU derived consumer protection legislation which are necessary as a result of the UK’s decision to leave the EU. This is to ensure that the legislation continues to operate effectively at the point the UK withdraws from the EU;
- revokes the EU Online Dispute Resolution Regulation; and
- makes amendments to EU derived consumer protection legislation to replace obsolete cross-references to EU law. These out-dated references were in place before the decision to leave the EU and correcting them now ensures that the law will function properly after exit day.