Guidance

Improving trader recommendation platforms: consumer law compliance advice for businesses

How trader recommendation platforms can meet their legal obligations and protect consumers.

Documents

Details

皇冠体育app Competition and Markets Authority (CMA) has published its compliance advice for trader recommendation platforms (TRPs). 皇冠体育app purpose of the compliance advice is to help TRPs comply with their legal obligations. It sets out 6 principles, followed by practical illustrative examples, which TRPs should comply with to聽stay on the right side of the law. Increased compliance enhances consumer protection and maintain a fair and transparent trading environment among TRPs when presenting and supplying their services to consumers in the UK.

Alongside this compliance advice, the CMA has published a 鈥榮ummary at a glance鈥�. This is a snapshot of the 6 key principles TRPs should follow to stay on the right side of the law, together with some examples of 鈥榙os鈥� and 鈥榙on鈥檛s鈥�, that should be read alongside the compliance advice.聽

皇冠体育app CMA has also published a response to its public consultation on the draft compliance advice including details, where relevant, of the changes made to the draft as a consequence of comments received.聽聽

皇冠体育app CMA has also published practical tips for consumers to help them when using TRPs to find a reliable trader.

Read the press release: CMA tips: How to navigate finding a 鈥榬ecommended鈥� trader online (12.11.24)

Updates to this page

Published 12 November 2024

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