Moved by
Baroness Oppenheim-Barnes
52: After Clause 58, insert the following new Clause—
“Application of this Part to regulators
(1) This section applies to regulators which are involved in protecting consumers (“consumer regulators”).
(2) It shall be the duty of consumer regulators to promote the rights of consumers under this Part.
(3) In exercising their functions, consumer regulators shall have regard to the desirability of promoting—
(a) accurate, plain and intelligible information for consumers about goods and services;
(b) fair and reasonable practices in the selling of goods and services;
(c) fair and reasonable pricing of goods and services;
(d) the inclusion of comprehensive information on goods and services in contracts;
(e) quick and fair means for consumers to make complaints and have disputes resolved.
(4) Any fines levied by a consumer regulator on a trader for breaches of rights under this Part shall, following deductions by the regulator for its reasonable administration costs, be used to compensate consumers for breaches of their rights under this Part.”