(1) In relation to a timeshare, long-term holiday product or exchange contract, a trader shall not demand or accept any of the following from a consumer before the expiration of the withdrawal period:

(a) advance payment;

(b) provision of guarantees;

(c) reservation of money on accounts;

(d) explicit acknowledgement of debt;

(e) payment of any other consideration to the trader or to any third party.

(2) In relation to a resale contract, a trader shall not demand or accept any of the following from a consumer before the sale takes place or the resale contract is otherwise terminated:

(a) advance payment;

(b) provision of guarantees;

(c) reservation of money on accounts;

(d) explicit acknowledgement of debt;

(e) payment of any other consideration to the trader or to any third party.

(3) A person who contravenes this Regulation shall be guilty of an offence.