Published: by Richard Bradley, Partner
The Gambling Commission has commenced two consultations, which will run for 13 weeks closing on the 15th March 2024.
The Commission has stated that in ‘in order to ensure transparency, clarity and consistency’ as to how financial penalties are calculated following the result of an investigation , it has proposed a number of changes to its criteria for imposing penalties and its methodology for determining the level of penalty applied.
Proposals include:
Financial Key Event Reporting
Operating Licence holders are currently required to report when an individual or entity becomes a 3% or more shareholder in a gambling licensee (or its holding company) and also provide details where the licensee enters into a loan with an entity that is not regulated by the Financial Conduct Authority.
The Gambling Commission has acknowledged that many operators are now linked to complex, modern day, global business structures and that ownership and interest reporting is not always straight forward and that international reporting requirements can vary significantly between jurisdictions. To address the difficulties in applying a consistent approach to all licensees, the Gambling Commission’s consultation proposes a number of changes to Licence Condition 15.2.1 regarding key event reporting.
Proposals include:
Whilst the changes would limit the scope of information required in some areas, such as point 1 above, operators will need to consider the potential impact of matters 2 to 4.
Full details of the consultation and the questionnaire can be found here.
Home Office confirms extension of licensing hours for Women’s Euros
The extension will apply if England or Wales reach the semi-final and/or final
Government confirms extended opening hours for pubs and bars for VE Day
The Order applies for the evening of 8th May only
Pubs and bars to stay open late on May 8th for VE Day 80th anniversary
It has been confirmed that pubs and bars licensed to sell alcohol until 23:00 can stay open for an extra…
Can’t find what you’re looking for?