Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 31 October 2025 to Question 84448 on Timesharing: Regulation, whether his Department is considering taking steps to (a) require licensing and bonding of management companies, (b) ensure audited accounts are accessible to fractional owners and (c) prohibit the use of perpetual contracts or in-perpetuity clauses.

There are no current plans to consider licencing and bonding of timeshare management businesses.

All companies are required to file audited accounts subject to certain exemptions, in particular for micro-sized companies, which may prepare and file simplified accounts, and small companies, which may abridge accounts. Both may also be able to claim audit exemption. Accounts are then made available to the public.

Exiting timeshares balances consumer protection, business interests and remaining customers' shared costs. Whilst there are no plans to alter this, purchasers of timeshares are also protected by general consumer law, requiring contract terms be fair and not mis-sold.