Overview
- The draft mandates a clearly labeled, prominently placed "Vertrag widerrufen" button that remains available on providers’ sites throughout the 14‑day withdrawal period.
- The requirement covers goods, services and financial products, with the function designed for easy access; a draft seen by BILD states it should be reachable without login.
- Financial providers must give adequate product explanations and offer customers the option of direct personal contact, while manipulative interface designs that steer choices become unlawful.
- The proposal caps withdrawals for financial services at a maximum of 12 months and 14 days after contract conclusion if informed about the right, with life insurance set at 24 months and 30 days.
- The bill still requires Bundestag and Bundesrat approval; media report a possible mid‑December implementation target that has not been officially confirmed, and firms would no longer have to supply paper terms on request.