Gambling Commission Confirm Change to the Frequency of Regulatory Returns

This morning the Gambling Commission have confirmed that they are changing the frequency they require all operators to submit regulatory returns from annually to quarterly.

The Commission proposed the change recently through an online consultation and following 45 responses the decision has been made to amend LCCP condition 15.3.1. to reflect this. The Commission state the reason for this is to “provide us with a timelier and more accurate assessment of the gambling market”.

The change will come into force from the 1st of July 2024, and therefore provides that the first set of regulatory returns required to be submitted must be by the 28th October 2024. The Commission has confirmed that further detail about the transition to quarterly returns and the harmonisation of reporting periods will be sent to all licensees between April and June this year.

At the same time, the Commission are bringing in further changes to the regulatory return process following a consultation in 2020, which includes the removal of some questions and the harmonisation of reporting periods across the industry.

The full consultation response and summary from the Commission can be seen here:  Frequency of regulatory returns: Consultation response (gamblingcommission.gov.uk)