Explanatory note
(This note is not part of the Regulations)
In these Regulations, the Secretary of State, in exercise of the powers under section 303 of the Digital Markets, Competition and Consumers Act 2024 (c. 13) (“the Act”), requires certain information to be provided by specified persons, and makes provisions for the manner in which it is to be provided.
Regulation 3 provides that certain information (in Part 1 of the Schedule) must be provided by accredited ADR providers at every anniversary of their accreditation. Regulation 3 also requires providers to update any changes to the information (in Part 2 of the Schedule) provided as part of their application for accreditation under section 296 of the Act.
Regulation 4 provides that the information in Part 1 of the Schedule must also be provided by persons who have, but are no longer, accredited ADR providers within a month of their accreditation ceasing to be in force.
Regulation 5 provides that the information in Parts 1 and 2 of the Schedule must be provided by exempt ADR providers, but only to the extent it is also provided to a regulator. The information must be provided in the same manner and within a month of it being provided to the relevant regulator.
An impact assessment has not been produced for these Regulations as no, or no significant, impact on the private, voluntary or public sectors is foreseen. An impact assessment was produced for the Act and is available from the Department for Business and Trade at Old Admiralty Building, Admiralty Place, London SW1A 2DY. An Explanatory Memorandum is published alongside these Regulations on www.legislation.gov.uk.