A new Directive is to be implemented into national law by all European Union Member States by this Wednesday 23rd February 2011. This law replaces the current European Timeshare Directive and goes one step further by including timeshare exchange, resale and holiday clubs. It also covers fractional ownership.

This extension has been brought about not because the European Timeshare Directive has been ineffective – far from it, it is widely acknowledged that timeshare complaints are now few and far between – but rather as a result of a steep rise in the number of complaints about holiday clubs and non RDO-registered resale companies, neither of which are subject to any specific regulation at present.

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Tags: European Timeshare Directive, European Union Member States, Fractional Ownership, holiday clubs, RDO, resale, Timeshare Exchange