The Federal Trade Commission (FTC) issued a notice this week regarding changes to 16 CFR Part 436, Disclosure Requirements and Prohibition Concerning Franchising, more commonly referred to as the Franchise Rule. The notice advises that the FTC is seeking comment from the public on whether to make any changes to the Franchise Rule while the agency is undertaking its systemic review of all rules and guides. Specifically as stated in the Federal Register Notice, the FTC is seeking input on a wide range of questions, including whether prospective franchisees have benefitted from the Rule, whether it should be modified and what changes should be made, what the costs of compliance are, and whether there should be other changes in response to technological or economic changes, along with a host of others. Comments must be received by April 21, and may be mailed or filed electronically at www.regulations.gov.
Franchise Rule Under Review
The Federal Trade Commission (FTC) issued a notice this week regarding changes to 16 CFR Part 436, Disclosure Requirements and Prohibition Concerning Franchising, more commonly referred to as the Franchise Rule. The notice advises that the FTC is seeking comment from the public on whether to make any changes to the Franchise Rule while the agency is undertaking its systemic review of all rules and guides. Specifically as stated in the Federal Register Notice, the FTC is seeking input on a wide range of questions, including whether prospective franchisees have benefitted from the Rule, whether it should be modified and what changes should be made, what the costs of compliance are, and whether there should be other changes in response to technological or economic changes, along with a host of others. Comments must be received by April 21, and may be mailed or filed electronically at www.regulations.gov.
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