Part 4: Consumer rights and disputes Cooling-off rights Section 264: Right to cancel during cooling-off periods
Subsection (1) sets out that a consumer has the right to cancel a subscription contract during the initial cooling-off period and any renewal cooling-off period that applies.
	Subsection (2) specifies that no restrictions or conditions may be placed on this right, except those specified within the Chapter or regulations made under it.
	Subsection (4) has the same meaning as section 260, subsection (6) and section 263, subsection (4).
	If the consumer sent the notice of cancellation within the cooling-off period, then they are deemed to have cancelled it within the cooling-off period even if it is not received by the trader until after that period has expired (see section 272, subsections (4) and (5)). However, subsection (5) means that a contract is cancelled with effect from when the notification is given. This might be deemed to be the date when the notification would be normally received according to the means used to send it. For example, where a notification is given by post, it will be deemed to be received as specified under section 7 of the Interpretation Act 1978, specifically, effected at the time at which the letter would be delivered in the ordinary course of post, unless the contrary is proved.
	Under subsection (6), cancellation under section 264 will end parties’ obligations under the contract and the consumer will be entitled to any extinguishment of liability or resulting refund to such extent as is prescribed in regulations under section 267 subsection (1) paragraph (b), and the treatment of any goods or other products supplied under the contract will be determined in accordance with provisions in such regulations.