{
  "url": "https://openlegislation.uk/pyramid-selling-schemes-amendment-regulations-1990/note",
  "json_url": "https://openlegislation.uk/pyramid-selling-schemes-amendment-regulations-1990/note.json",
  "legislation": "uksi/1990/150",
  "legislation_title": "The Pyramid Selling Schemes (Amendment) Regulations 1990",
  "legislation_url": "https://openlegislation.uk/pyramid-selling-schemes-amendment-regulations-1990",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Pyramid Selling Schemes Regulations 1989 (“the Principal Regulations”).\nThe main changes are:\n(1) the amendment of regulation 2 to make it clear that section 23 of the Interpretation Act 1978, relating to the interpretation of subordinate legislation, applies to the Principal Regulations;\n(2) the amendment of regulation 4(1) to make it clear that the conditions set out in (i) to (v) of regulation 4(1) apply both to sub-paragraphs (a) and (b) and the amendment of regulation 6(1) to make it clear that the conditions set out in (i) and (ii) of regulation 6(1) apply to sub-paragraphs (a), (b), (c) and (d) of regulation 6(1);\n(3) the amendment of regulation 5(1) to make it clear that a promoter may not claim that specific financial benefits will be obtained over a period of time from participation in a selling scheme unless he has evidence that such benefits were actually obtained over a similar period of time in the past three years;\n(4) the amendment of regulation 8(1)(c)(i) to make it clear that both the percentage amount and the amount in respect of the diminution in value of the goods deductible under that provision are to be deducted from the price originally paid by the participant;\n(5) the substitution of a new regulation 10 to ensure that the acceptance of deposits is not absolutely prohibited but is subject to the condition in the substituted regulation 10.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/150/note",
    "retrieved_at": "2026-10-29T15:28:50.827760+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}