# The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010, Regulation 10: Exchange contracts


(1) An “exchange contract” means a contract between—
(a) a consumer who is also party to a timeshare contract, and
(b) a trader,
under which the consumer, for consideration, joins a timeshare exchange system.
(2) A “timeshare exchange system” is a system which allows a consumer access to overnight accommodation or other services in exchange for giving other persons temporary access to the benefits deriving from the consumer's timeshare contract.

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Source: https://www.legislation.gov.uk/uksi/2010/2960/regulation/10 (the official version)
Page: https://openlegislation.uk/timeshare-holiday-products-resale-and-exchange-contracts-regulations-2010/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.