British Columbia has released the anticipated regulations to the previously enacted Franchises Act (BC). The Franchises Act (BC) will come into force on February 1, 2017, at which time British Columbia will be the sixth Canadian province to have franchise specific (disclosure) legislation. The Franchises Regulation can be viewed on the British Columbia website.
Unsurprisingly, the Regulation reflects both the template franchise regulation developed by the Uniform Law Conference of Canada and the recommendations made by the British Columbia Law Institute on the proposed regulations. Moreover, the regulations are in general similar to those of the other Canadian provinces.
Stay tuned for our upcoming analysis and commentary on the new British Columbia franchise law.
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