The Ministry of Trade and Industry and the Consumer Protection Agency have introduced proposed amendments to the Consumer Protection Law after nearly 3 years of the application of the law. The amendments will subject the real estate activity to control by giving the Agency power to prevent misleading advertising in this area.
The new amendments give the Agency power to prohibit the circulation of any product that bears statements misleading to consumers. The amendments further punishes violations to article 19 of the law under Article 24 and adds a fine of EGP 100 thousand when violating the Agency's resolutions for the prevention or prohibition of misleading advertising. The proposed amendments obligate also the offender to remove the violation or suspend the service or put goods in question under custody.