PART 2Competent Authorities and ADR Entities
F1Binding outcome requirements14C
1
Where an ADR entity aims at resolving a dispute by imposing a solution, the solution will not be binding on a party to the dispute unless—
a
the ADR entity notifies the party that the outcome will be binding; and
b
the party specifically accepts that the outcome will be binding.
2
The requirements under paragraph (1) must be met before the ADR entity notifies the party of the outcome of the alternative dispute resolution procedure.
3
Paragraph (1)(b) does not apply in relation to a trader where an enactment, the rules of a trade association, or term of a contract, provides that the solution will be binding on the trader.