Digital Markets, Competition and Consumers Act 2024
Official Summary
A Bill to provide for the regulation of competition in digital markets; to amend the Competition Act 1998 and the Enterprise Act 2002 and to make other provision about competition law; to make provision relating to the protection of consumer rights and to confer further such rights; and for connected purposes.
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Overview
This bill amends the Consumer Rights Act 2015 to introduce new regulations for secondary ticketing facilities (websites and platforms that resell tickets). These regulations aim to increase transparency and protect consumers from fraud and inflated prices.
Description
The amendment adds a new clause (92A) to the Consumer Rights Act 2015, imposing several requirements on secondary ticketing platforms:
- Proof of Purchase/Title: Resellers must provide proof of legitimate purchase or ownership of tickets before listing them.
- Sales Limits: Platforms cannot allow resellers to list more tickets than they legally obtained from the primary seller.
- Transparency: The original face value of the ticket and the reseller's name and address must be clearly displayed on the initial view of the ticket listing, without abbreviation or hidden elements.
- Overseas Sellers: The bill clarifies that overseas businesses selling tickets to UK consumers and advertising within the UK are subject to UK law.
- Further Regulation: The Secretary of State has the power to add or amend conditions on secondary ticketing facilities through future regulations, which will be subject to parliamentary approval. A review of the impact of these changes on the secondary ticketing market must be conducted and reported to Parliament within nine months of the bill becoming law.
Government Spending
The bill doesn't directly allocate specific funds. The cost of implementing the review and potential future regulations will depend on the resources allocated by the government. No specific figures are available from the provided text.
Groups Affected
- Consumers: Will benefit from increased transparency and protection from inflated prices and fraudulent ticket sales.
- Secondary Ticketing Platforms: Will face new compliance requirements and potential financial implications if they fail to comply.
- Ticket Resellers: Will face restrictions on the number of tickets they can resell and must provide proof of purchase.
- Primary Ticket Sellers: Could see reduced impact from scalpers and potentially more control over ticket distribution.
- Artists and Performers: May benefit from fairer pricing and reduced scalping.
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