Description

Adopted Enforcement Decree on Amendments to Basic Consumer Act

On 23 July 2024, the National Cabinet adopted the Enforcement Decree on Amendments to the Basic Consumer Act. The Decree specifies the subjects and methods of investigations needed to promote consumer rights and enhance policy implementation, including provisions for online dispute mediation meetings. Following the adoption of the Amendment of the Basic Consumer Act in February 2024, the Decree clarifies the scope of investigations, covering transactions, prices, labelling, advertising, and consumer damages. It also requires the Fair Trade Commission (FTC) to prepare an investigation plan before conducting their surveys, to which the FTC was empowered by the Amendments of the Basic Consumer Act. Moreover, the Decree now allows the Consumer Dispute Mediation Committee to conduct meetings via remote video conferencing, addressing previous limitations that required in-person meetings for prompt case resolution.

Original source

Scope

Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2024-07-23
adopted

On 23 July 2024, the National Cabinet adopted the Enforcement Decree on Amendments to the Basic Con…

2024-08-14
in force

On 14 August 2024, the Enforcement Decree on Amendments to the Basic Consumer Act enters into force…