🤑 Gambling Commission to boost player protection with licence changes | iGaming Business

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Forthcoming LCCP changes announced – ADR, customer interaction and 31 October ,; strengthen requirements on how licensees identify and 1 January , the Commission stating that a longer implementation.


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July 6, 2020

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The GB Gambling Commission has announced a number of changes to its licence conditions and codes of practice (LCCP) in a move it be introduced in batches, with the first set of rules set to come into effect this October. From January 1, , new rules will ensure that funds contributed by operators.


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From 31 October certain changes to the Licence Conditions and 31 July of its consultation responses to changes to the LCCP (the “Report”). will apply to all licences, and will come into force on 1 January


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Email Print Share. The UKGC's upcoming changes to its Licence Conditions and Codes of Practice (LCCP) this month are an effort to make.


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The GB Gambling Commission has announced a number of changes to its licence conditions and codes of practice (LCCP) in a move it be introduced in batches, with the first set of rules set to come into effect this October. From January 1, , new rules will ensure that funds contributed by operators.


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The GB Gambling Commission has announced a number of changes to its licence conditions and codes of practice (LCCP) in a move it be introduced in batches, with the first set of rules set to come into effect this October. From January 1, , new rules will ensure that funds contributed by operators.


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Under the changes, the Commission would also no longer require operators to notify the Commission about persons they have authorised to offer pool betting in racing or football. The Commission would no longer ask for non-GB data to be broken down by sport and game category, for the number of gaming machines sold or gambling software data to be reported by title. The consultation opened on 26 February and will last until 20 May. The regulator would also shorten the reporting period to annual returns to within 28 days of the end of the financial year, creating a deadline of 28 April, rather than 42 days. The regulator said it also hopes to publish Industry Statistics within 6 months of the end of the reporting period, as opposed to seven to eight months. Subscribe To Our Newsletters.{/INSERTKEYS}{/PARAGRAPH} {PARAGRAPH}{INSERTKEYS}The British Gambling Commission has launched a consultation on potential changes to the licence conditions and codes of practice LCCP which all licensees must adhere to, mostly to change the ways in which licensees must report key events to the regulator. Any changes to the LCCP as a result of this consultation will most likely take place in October Skip to main content. In addition, the LLCP would be amended so that customers placing such bets must not be in breach of any rules on betting or misuse of inside information, as opposed to simply rules about irregular or suspicious betting. Licensees would no longer be required to make the Commission aware of investment, which is not by way of subscription for shares, but now would be required to tell the Commission if a figure in a senior position at the licensee takes on a different senior position at the same company. Stakeholders will be able to provide their input on any or all of the proposed changes. Google Tag Manager. The section concerning the reporting of key financial events such as winding-up orders and bankruptcy was also amended, but only to list all of these events more briefly. When the consultation closes, the Commission will publish one or more consultation response documents within three months. As well as this, those who hold a licence would no longer be required to notify the regulator of the receipt of reports of the outcome of compliance assessments from regulatory or government bodies. The regulator says it will collect less data overall, but more that deals with the prevention of fambling-related harm. The social responsibility code would be amended to allow the Commission to specify the form and manner in which results of inspections involving underage gambling are provided to the Commission. Personal licence holders will have the period of time in which they must report key events extended. In addition, a new licence condition was introduced, which requires licensees to report any cases of organised money lending they are aware of.