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		New timeshare directive to ensure tourists are not tripped up by rogue traders Wednesday, 22nd October 2008 A new timeshare directive passed by MEPs today will make British holiday makers better informed and less exposed to rogue traders, Roger Helmer, the Conservative MEP for the east Midlands, said today. The new Directive better reflects the market structure of tourism, covering, as well as timeshare, long-term holiday products (such as discount holiday clubs) as well as resale and exchange contracts. It has also been extended to include canal boats, caravans and cruise ships. Traders will be obliged to provide prospective purchasers with comprehensive pre-contractual information, in the form of standard forms, ensuring consumers are fully informed before signing the contract. Consumers will have a standard period of 14 days to withdraw free of charge from the contract as well as a total ban on advance payments to ensure equal consumer protection Europe wide. The parliament's strong support for the directive today means it is likely to be passed at first reading. Mr Helmer said: "Many people make significant investments in timeshare or holiday clubs, yet far too often they fall foul of mis-selling or poor information. "This new directive will give consumers more confidence and better protection before they sign a contract, and it enables them to withdraw if they have any concerns. "This law will be good for consumers, and for the many legitimate timeshare and holiday club businesses in Europe."