{"id":632171,"date":"2018-02-05T04:21:36","date_gmt":"2018-02-05T04:21:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/"},"modified":"2018-02-05T04:21:36","modified_gmt":"2018-02-05T04:21:36","slug":"consumer-protection-act-sets-out-new-regulations-for-auto-sales","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/","title":{"rendered":"Consumer Protection Act sets out new regulations for auto sales"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>LEGISLATION WATCH-<\/strong> <strong>Auto dealers beware: The Consumer Protection Act has you in its sights:<\/strong> The Consumer Protection Act, which is currently being discussed in a plenary session at the House of Representatives, could impose new regulations on the sale of cars, <a href=\"https:\/\/alborsanews.com\/2018\/02\/04\/1082536\">Al Borsa<\/a> reports. The law starts off by classifying cars as a \u201cstrategic good,\u201d which places its sale in the purview of the Consumer Protection Authority (CPA) and its crusader-head, Atef Yakoub. Key features of the act that impact the auto industry include:<\/p>\n<ul>\n<li><strong>Price controls:<\/strong> It appears as a \u201cstrategic good,\u201d the CPA can be authorized to set price controls on vehicles if it receives approval from the cabinet. It is not yet clear under which circumstances the CPA would have a mandate to regulate prices. <\/li>\n<li><strong>Dealers will have to clearly display sticker prices <\/strong>and clearly. Break down service fees. <\/li>\n<li><strong>New penalties:<\/strong> The law sets penalties of up to EGP 500k for cars not meeting Egyptian or international standards. A penalty of up to EGP 2 mn is set for cars which are classified as unsafe; dealers who sell an unsafe vehicle that later results in bodily harm to a driver or passenger could face life in prison.<\/li>\n<li><strong>Recall guidelines:<\/strong> The Consumer Protection Act sets a deadline of seven days for a company to recall cars which have been deemed faulty.<\/li>\n<li><strong>Eliminating waitlists: <\/strong>The act outlaws the practice of waitlists on models, and the premium pricing on cars. The act bans hoarding of cars to artificially inflate the price.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- Auto dealers beware: The Consumer Protection Act has you in its sights: The Consumer Protection Act, which is currently being discussed in a plenary session at the House of Representatives, could impose new regulations on the sale of cars, Al Borsa reports. The law starts off by classifying cars as a \u201cstrategic good,\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632171","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a028a9af-44a0-4f69-8040-c8a50fb8dc8c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[632163],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Consumer Protection Act sets out new regulations for auto sales - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consumer Protection Act sets out new regulations for auto sales\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Auto dealers beware: The Consumer Protection Act has you in its sights: The Consumer Protection Act, which is currently being discussed in a plenary session at the House of Representatives, could impose new regulations on the sale of cars, Al Borsa reports. The law starts off by classifying cars as a \u201cstrategic good,\u201d [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-05T04:21:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Consumer Protection Act sets out new regulations for auto sales\",\"datePublished\":\"2018-02-05T04:21:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/\"},\"wordCount\":259,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/\",\"name\":\"Consumer Protection Act sets out new regulations for auto sales - 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The House of Representatives voted in favor of amendments to the Consumer Protection Act in a plenary session on Tuesday. The law \u2014 the single, blatantly anti-free-market piece of all the Ismail government\u2019s major economic legislation\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/508.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632573,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/amended-consumer-protection-act-also-gets-preliminary-nod-from-house\/","url_meta":{"origin":632171,"position":1},"title":"Amended Consumer Protection Act also gets preliminary nod from House","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"LEGISLATION WATCH- The House also gave a preliminary nod yesterday to the amended Consumer Protection Act, according to Youm7, which stands out among all of the Ismail government\u2019s economic legislation as the only one that is clearly statist and anti-free-market. The latest draft of the act has not yet been\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604517,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/consumer-protection-act-regs-to-be-issued-next-week\/","url_meta":{"origin":632171,"position":2},"title":"Consumer Protection Act regs to be issued next week","author":"enterpriseam admin","date":"5 December 2018","format":false,"excerpt":"LEGISLATION WATCH- Expect executive regs for Consumer Protection Act next week: The executive regulations for the Consumer Protection Act will be issued next week, Consumer Protection Agency (CPA) head Rady Abdel Moaty said. The law gives the CPA authority to impose price controls, censor advertisements and regulate the e-commerce, automotive\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602676,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/govt-issues-executive-regulations-for-egypts-consumer-protection-act\/","url_meta":{"origin":632171,"position":3},"title":"Gov\u2019t issues executive regulations for Egypt\u2019s Consumer Protection Act","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"LEGISLATION WATCH- Retailers face new rules, requirements as gov\u2019t issues executive regs for Consumer Protection Act: Prime Minister Moustafa Madbouly issued yesterday the executive regulations for the Consumer Protection Act, which grant the Consumer Protection Agency (CPA) the authority to impose price controls and censor advertisements, among other powers, according\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624706,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/el-sisi-signs-amendments-to-consumer-protection-act-into-law\/","url_meta":{"origin":632171,"position":4},"title":"El Sisi signs amendments to Consumer Protection Act into law","author":"enterpriseam admin","date":"17 September 2018","format":false,"excerpt":"**#2 LEGISLATION WATCH- New consumer protection act creates advertising watchdog, puts car, e-commerce and real estate sectors under spotlight: President Abdel Fattah El Sisi signed into law amendments to the Consumer Protection Act, the amended text of which was published on Sunday in the Official Gazette. The act, easily the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599606,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/local-car-dealers-call-for-consumer-protection-authority-intervention\/","url_meta":{"origin":632171,"position":5},"title":"Local car dealers call for Consumer Protection Authority intervention","author":"enterpriseam admin","date":"3 January 2019","format":false,"excerpt":"Egypt\u2019s Car Dealers Association (CDA) has called on the Consumer Protection Authority (CPA) to take the necessary action to prevent European auto dealerships from monopolizing the industry, according to Al Mal. The call comes two days after customs duties on fully assembled EU cars fell to 0%. The CDA said\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=632171"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632171\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632163"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632171"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632171"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}