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Federal, State Regulators Offer Updates

Representatives from the Federal Trade Commission, the Maryland Attorney General's Office, and the California Department of Corporations updated franchise attorneys about the latest developments in franchise regulation at the International Franchise Association's 44th Annual Legal Symposium.

At the top of the agenda is the FTC's finalization of a new Business Opportunities Rule. The rulemaking, first proposed in 2008, is on track to be issued as a final rule by the end of 2011, according to Craig Tregillus, FTC's Franchise Rule Coordinator, which would be a much faster pace than the revision of the Franchise Rule that was completed in 2007. “It's out of our shop and has moved to review by the full Commission,” said Tregillus.

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