Franchise Rule

The Federal Trade Commission (the ``Commission'' or ``FTC'') is commencing a rulemaking to amend its Trade Regulation Rule entitled ``Disclosure Requirements and Prohibitions Concerning Franchising and Business Opportunity Ventures'' (the ``Franchise Rule'' or ``the Rule''), based upon the comments received in response to its Advance Notice of Proposed Rulemaking (``ANPR'') and other information discussed in this notice. The Franchise Rule requires the pre-sale disclosure of material information to prospective franchisees about the franchisor, the franchised business, and the terms and conditions that govern the franchise relationship.