🤑 GBGC launches consultation on LCCP reporting changes | iGaming Business

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The changes to LCCP will affect remote betting and gaming operators, and some remote lotteries. They include: New licence condition


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Page 17 of Codes and conditions applicable to non-remote betting. Licence condition Other reportable events. All operating licences. 1 Licensees.


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The changes to license conditions and codes of practice (LCCP) will The new rules include three main topics: a new license condition


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The changes to license conditions and codes of practice (LCCP) will The new rules include three main topics: a new license condition


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LCCP The licence conditions and codes of practice set out the requirements you There are four types of licence condition, and they have different status in the.


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The changes to LCCP will affect remote betting and gaming operators, and some remote lotteries. They include: New licence condition


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New licence condition 17 which sets out minimum requirements for identity verification; Change to the social responsibility code provisions for age.


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The changes to LCCP will affect remote betting and gaming operators, and some remote lotteries. They include: new licence condition


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In total, the Commission has proposed changes to 17 different “responsibility for meeting the licence condition rests with licensees, not third.


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E.4 Condition-Based Model The approach of using a Markov Decision min (,, 11 18) where LCCp(x) = minimum life cycle cost for asset in state x a = optimal.


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Stakeholders will be able to provide their input on any or all of the proposed changes.

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.

The social responsibility code would be amended to allow the Commission to specify the form and manner in which results of inspections involving underage lccp condition 17 are provided to the Commission. Google Tag Manager. 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 lccp condition 17 of gaming machines sold or gambling software best hud for party to be reported by title.

Licensees would no longer be required to make lccp condition 17 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 lccp condition 17 position at the licensee takes on a different lccp condition 17 position at the same company.

Personal licence holders will have the period of time in which they must report key events extended. Subscribe To Our Newsletters.

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 says it will collect less data overall, but more that deals with the prevention of fambling-related harm. When the consultation closes, the Commission will publish one or more consultation response documents within three months. 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. 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. 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. 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. The consultation opened on 26 February and will last until 20 May. Any changes to the LCCP as a result of this consultation will most likely take place in October Skip to main content. In addition, a new licence condition was introduced, which requires licensees to report any cases of organised money lending they are aware of.