2 edition of Staff Report on the Proposed Revised Ftc Franchise Rule, Released August 25, 2004 found in the catalog.
Staff Report on the Proposed Revised Ftc Franchise Rule, Released August 25, 2004
by CCH Incorporated
Written in English
|The Physical Object|
|Number of Pages||1|
New 2/24/07 In April , the Federal Trade Commission issued a proposed rule that expands the FTC’s regulation of sellers of business opportunities. The rule is intended to protect consumers from bogus business opportunities. In , the Commission conducted a regulatory review of the Franchise Rule to ensure that it continues to serve a useful [ ]. The Federal Trade Commission (FTC) is requesting public comment on its trade regulation rule titled “Disclosure Requirements and Prohibitions Concerning Franchising” (the rule).
"FTC Releases Staff Report On Proposed Franchise Rule Changes," The Franchise Lawyer, American Bar Association, Forum on Franchising, Volume 8, Number 1, Aug Presentations “Basics Track: Registration and Disclosure,” co-presenter, IFA’s 52nd Annual Legal Symposium, JW Marriott, Washington, D.C., May Buying a franchise is a major financial investment and a serious personal commitment. Understanding your abilities and goals is one step toward deciding whether a franchise is right for you. Being a Franchisee The Franchisor’s Responsibilities 5.
For companies selling franchises and business opportunities – and entrepreneurs in the market – the FTC's Franchise Rule and Business Opportunity Rule mandate disclosures and offer buyers certain protections. In addition, the FTC has resources to help people spot business opportunity and investment scams and avoid franchise taboos. Interested persons have the opportunity to submit written data, views, and arguments concerning the Rule to the FTC. The window for public comment is open until Ap The original Franchise Rule was issued in In , the FTC decided to review the Rule, a process that took many years to complete.
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The official website of the Federal Trade Commission, protecting America’s consumers for over years. Staff Report of the Bureau of Consumer Protection to the Federal Trade Commission and Proposed Revised Trade Regulation Rule | Federal Trade Commission. The Federal Trade Commission released this Staff Report on its Franchise Rule, entitled "Disclosure Requirements and Prohibitions Concerning Franchising and Business Opportunity Ventures," on Aug The Report sets forth the staff's recommendations to the Commission on the various proposed amendments to the Franchise Rule.
The Federal Trade Commission is announcing the availability of the Staff Report on the Trade Regulation Rule Staff Report on the Proposed Revised Ftc Franchise Rule “Disclosure Requirements and Prohibitions Concerning Franchising and Business Opportunity Ventures – (Franchise Rule).” The Report sets forth the staff’s recommendations to the Commission on the various proposed amendments to the Franchise Rule.
The Commission has not reviewed or approved the Report. Comments on the Staff Report. This Report, as required by Section (f) of the Commission’s Rules of Practice, contains the staff’s analysis of the rule amendment record and its recommendations as to the form of the final revised Franchise Rule.
The Report has not been reviewed or adopted by the Commission. The Commission’s final determination in this matter will be based upon the record.
The Federal Trade Commission recently announced a proposed major revision (in what may be an almost perfect example of bureaucratese, the “proposed final revised Franchise Rule”, referred to in this article as the “ Proposed Rule”) to the federal rules affecting franchise disclosures.
FTC Seeks Comments on the Staff Report on the Franchise Rule (Aug ) Public Comments # 16 C.F.R. Part ; FTC File No. R Disclosure Requirements and Prohibitions Concerning Business Opportunities: Notice Announcing Publication of Staff Report on the Business Opportunity Rule.
In its AugStaff Report, the FTC Staff recommended a variety of changes to the Franchise Rule, including abandoning the FTC format and adopting the UFOC disclosure format with modifications.
The final, amended Franchise Rule is similar, but not identical to, the proposed Franchise Rule discussed in the Staff Report. The Federal Trade Commission (FTC or Commission) is publishing its semiannual regulatory agenda in accordance with section 22(d)(1) of the Federal Trade Commission Act, 15 U.S.C.
57b-3(d)(1) and the Regulatory Flexibility Act (RFA), 5 U.S.C. toas amended by the Small Business Regulatory Enforcement Fairness Act. Franchise Rule Review Public Workshop Conference on the Application of the Franchise Rule to International Sales - 16 CFR Part (Febru ) Trade Regulation Rule: Disclosure Requirements and Prohibitions Concerning Franchising and Business Opportunity Ventures - 16 CFR Part (October 4, ).
3Federal Trade Commission: Enforcement of the Trade Regulation Rule on Franchising (GAO/HRD, J). Among other things, the report provided information on FTC’s enforcement of the Franchise Rule during fiscal years through We did not compare FTC’s current efforts to enforce the Rule with information in that report.
3 See FTC Bureau of Consumer Protection’s August report, Disclosure Requirements and Prohibitions Concerning Franchising: Staff Report to the Federal Trade Commission and Proposed Revised Trade Regulation Rule, at page 1.
4 Disclosure Requirements and Prohibitions Concerning Franchising, 16 C.F.R. Part Federal Trade Commission Issues Revised Franchise Rule.
Written by: Anthony Delyani (Article originally published in the New Hampshire Business Review, June 6, the FTC recently revised the Rule for the first time since While franchisors are permitted to follow the version of the Rule until Jthey may also begin.
Federal Register version (85 FR ): BHCA Jan. 30, Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds (Conformed to Federal Register version) File No: S See Also: Final Rule Rel.
BHCA-9 Comments Due: April 1, Comments received are available for this proposal. “Revised Proposed Disclosure Document” refers to the version of the Disclosure Form that was published in the Workshop Notice.
“RNPR” refers to the Revised Notice of Proposed Rulemaking, 73 Fed. Reg. 16, (Mar. 26, ). “RPBOR” refers to the Revised Proposed Business Opportunity Rule, which was proposed in the RNPR.
The FTC Franchise Rule is a federal regulation which requires franchisors to prepare an extensive disclosure document and give a copy of this document to any prospective franchise purchaser. The disclosure document typically used to comply with the Rule is called a Franchise Disclosure Document (FDD), which replaced the prior Uniform Franchise Offering Circular, or UFOC, in The Franchise Rule: 16 CFR Part • In connection with the advertising, offering, licensing, contracting, sale, or other promotion in or affecting commerce, as "commerce" is defined in the Federal Trade Commission Act, of any franchise, or any relationship which is represented either orally or in writing to be a franchise, it is.
Franchise Rule exemptions have been granted for service station franchises (45 FR ), many automobile dealership franchises (45 FR ; 49 FR. 1 The Commission staff will look to SEC rules and policies when determining what constitutes “U.S. GAAS.“. 2 17 C.F.R. § (b). 3 17 C.F.R. § 4 Commission staff recognizes that SEC rules and policies may change with respect to what constitutes generally accepted auditing standards.
We intend to interpret the Franchise Rule’s accounting, as well as auditing standards. Pursuant to the Rule amendment process announced in the Franchise NPR, the Commission’s Bureau of Consumer Protection issued a Staff Report on the Franchise Rule in August The Staff Report explained in detail the history of the Rule amendment proceeding.
2 I. INTRODUCTION The Federal Trade Commission’s franchise rule, Disclosure Requirements and Prohibitions Concerning Franchising (the “FTC Rule”) went into effect on Octoas amended on Janu ,2 and establishes the disclosure requirements for the sale of franchises in the United States, including its territories.
FTC to Publish Proposed Revised Franchise Rule Octo The Federal Trade Commission is seeking public comment on proposed revisions to its Trade Regulation Rule titled "Disclosure Requirements and Prohibitions Concerning Franchising and Business Opportunity Ventures" -- (Franchise Rule).
This report reviews FTC's enforcement of its Franchise Rule and discusses various franchise relationship issues. GAO found that FTC has focused most of its Franchise Rule enforcement resources on business opportunity ventures because, according to FTC staff, problems in this area have been more pervasive than problems with franchises.Much has been written and discussed about the Amended FTC Rule since its release in Januaryand, by the time of the annual Forum meeting, most franchise practitioners will have had experience preparing franchise disclosure documents (“FDDs”) under the Amended FTC Rule and filing those FDDs in the franchise registration states.