The government of British Columbia today announced that
the Franchises Act will come into force on February 1,
The Franchises Regulation to the Franchises Act was
publically released today, and adopted as an Order in Council on
October 3, 2016. Click here to view the new Franchises
Regulation, under the heading "Franchises
Regulation" on the British Columbia government's
"Starting a Franchise in B.C."
The Franchises Act and Franchises Regulation were
modelled on the Uniform Law Conference Model Franchises Act and
Regulation and adopt best practices based upon the experience of
the 5 other provinces in Canada with franchise legislation.
With the adoption of the Franchises Regulation, the
Franchises Act is now proclaimed to be coming into force
as of February 1, 2017. The Franchises Regulation includes the
Risk Warnings in the same format as
New Brunswick, Manitoba, and PEI
Financial Statements (audit or review
engagement) prepared in accordance with International Auditing and
Assurance Standards Board are acceptable.
Electronic Delivery, courier, and
personal delivery are all acceptable methods of delivery for the
Franchise Disclosure Document and Statements of Material
If a franchisee is making an
investment of at least $5 million in the franchise, the Franchisor
is exempt from providing franchise disclosure to the
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