Businesses Selling To Consumers Could Risk Being Fined 10% Of Turnover
Businesses selling to consumers must comply with new rules or face heavy fines due to the new Digital Markets, Competition and Consumers Act 2024 (DMCC Act), much of which comes into force this autumn.
Companies and business owners can benefit from free legal advice on the topic from Harrogate law firm, LCF Law, by attending an online event on 19th September at 9am. The event is part of Leeds Digital Festival, which is an open, collaborative celebration of digital culture that runs from 16th to 27th September.
LCF Law’s James Sarjantson and Thomas Taylor will present an engaging and informative 30-minute webinar on the new laws affecting consumer-facing businesses, particularly those selling online, in the DMCC Act.
Commercial and digital partner, James, said: “This session will provide valuable insights into how these legislative changes impact online retailers selling to consumers, and in particular subscription models, online reviews, pricing, and the new enforcement powers granted to regulators to ensure traders comply. This webinar will help businesses stay ahead of regulatory changes and help them avoid common pitfalls in the ever-evolving digital marketplace.”
Thomas, who is a commercial and digital solicitor at LCF Law, added: “Whether you’re an established e-commerce entrepreneur wanting to know about the latest regulations or a newcomer looking to launch your own online venture, this seminar is for you.
“The new DMCC Act will significantly impact consumer protection in the UK by introducing a number of new measures, including new enforcement powers for the Competition and Markets Authority (CMA), enhanced consumer rights, pre-contract information requirements, measures against “drip-pricing” and a ban on fake reviews. With direct enforcement powers for the CMA, the body can now determine breaches, demand information disclosure and increase penalties for a lack of compliance with fines of up to £300,000 or 10% of the infringing company’s world-wide turnover, whichever is higher. These substantial fines underscore the importance of compliance and the serious consequences of violating consumer protection laws, so attending this seminar is a great way for businesses to stay ahead of curve and drive e-commerce success forward.”
Register here: https://leedsdigitalfestival.org/events/click-cart-comply-navigating-new-consumer-protection-laws-for-e-commerce-businesses/ or contact either James Sarjantson on 0113 201 0401 jsarjantson@lcf.co.uk or Thomas Taylor on 0113 204 0407 ttaylor@lcf.co.uk.
LCF Law is an award-winning full-service law firm, which operates regionally, nationally and internationally.
With over 145 people including 22 partners across offices in Leeds, Bradford, Harrogate and Ilkley, LCF Law provides practical advice in a clear and efficient way: Law Fair + Square.
Visit www.lcf.co.uk for more details.
