# The Timeshare (Cancellation Information) Order 2003, Note: Explanatory note


(This note is not part of the Order)
This Order prescribes the form of:
(a) information on the right to cancel a timeshare agreement; and
(b) a blank notice of cancellation of a timeshare agreement; and
(c) information on the right to cancel a timeshare credit agreement; and
(d) a blank notice of cancellation of a timeshare credit agreement.
Under sections 2 and 3 of the Timeshare Act 1992 the information referred to in (a) and (c) above must be included in the relevant agreement, together with the blank notices of cancellation referred to in (b) and (d) above.
It is a criminal offence for an offeror (the person offering the timeshare for sale) to enter into a timeshare agreement unless the agreement contains the information and the blank notice of cancellation referred to in (a) and (b) above.
A timeshare credit agreement should also contain the information and blank cancellation notice referred to in (c) and (d) above (although entering into such an agreement when it does not comply with these requirements does not constitute a criminal offence).
The information referred to in (a) and (c) concerns the rights of a person buying a timeshare (referred to as “the offeree” in the Timeshare Act 1992 and this Order) to cancel a timeshare agreement or a timeshare credit agreement at any time before or on a day specified in the notice. This must be a day which falls not less than fourteen days after the agreement is entered into. These notices also spell out the rights and obligations of the offeree should he choose to exercise the right to cancel.
Because Directive 1994/47/EC on the protection of purchasers in respect of certain aspects of contracts relating to the purchase of the right to use immovable properties on a timeshare basis confers additional cancellation rights in respect of some timeshare transactions, this Order prescribes different forms of cancellation information according to whether or not those additional cancellation rights apply.
Notices (b) and (d) may be used by the offeree to cancel the agreement.

---
Source: https://www.legislation.gov.uk/uksi/2003/2579/note (the official version)
Page: https://openlegislation.uk/timeshare-cancellation-information-order-2003/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.