OpenLegislation

Paragraph 16 I1I2

United Kingdom

(1)

Establishing, operating or promoting a pyramid promotional scheme.

(2)

In sub-paragraph (1), a pyramid promotional scheme means a scheme where a consumer gives consideration for the opportunity to receive compensation that is derived primarily from the introduction of other consumers into the scheme rather than from the supply or consumption of products.

Annotations

Commencement

I1

Sch. 20 para. 16 not in force at Royal Assent, see s. 339(1)

I2

Sch. 20 para. 16 in force at 6.4.2025 by S.I. 2025/272, reg. 2(1)(11)