- Section 282Meaning of “consumer savings scheme contract”
(1) For the purposes of this Chapter, a consumer savings scheme contract is a contract— (a) under which— (i) a consumer makes payments to a trader, (ii) the…
- Section 283Other defined terms
(1) In this Chapter, references to a trader operating a consumer savings scheme are references to a trader entering into a consumer savings scheme contract. (2) For the…
- Section 284Excluded arrangements
(1) An arrangement is an excluded arrangement for the purposes of this Chapter if it is of a description set out in Schedule 24 . (2) The Secretary…
- Section 285Insolvency protection requirement
(1) A trader operating a consumer savings scheme must make and maintain the arrangements set out in section 286 (insurance arrangements) or in section 287 (trust arrangements) to…
- Section 286Insurance arrangements
(1) Where a trader relies on arrangements under this section for the purpose of satisfying section 285 , the trader must maintain insurance under one or more appropriate…
- Section 287Trust arrangements
(1) Where a trader relies on arrangements under this section for the purpose of satisfying section 285 , the trader must ensure that all payments made by a…
- Section 288Information requirements
(1) A trader must, before the end of 30 working days beginning with the day on which a consumer makes the first payment to the trader under a…
- Section 289Consequential amendments
(1) In Schedule 3 to the Regulatory Enforcement and Sanctions Act 2008 (enactments specified for the purposes of Part 1 ), at the appropriate place insert— “ “Digital…
- Section 290Interpretation
In this Chapter— “business” includes— (a) a trade, craft or profession, and (b) any other undertaking carried on for gain or reward, but does not include the activities…
https://dmcca.digiphile.law/part/part-4-chapter-3.html
Text as at 7 October 2026.
This is an unofficial convenience version of the Digital Markets, Competition and Consumers Act 2024. It is presented “as is” without guarantee of accuracy, completeness or reliability. See the source text for the official version. This site was last updated in October 2026.