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Consultation response

Financial key event reporting: Reporting changes in ownership and interests: Consultation response

The consultation response on reporting changes in ownership and interests as a key event.

Contents


Summary of responses

Contents

  1. Proposal 1: Raising the reporting threshold for ‘operator status’ and ‘relevant persons and positions’ from 3 percent to 5 percent This response sets out our position in relation to raising the reporting threshold ‘operator status’ and ‘relevant persons and positions’.
  2. Proposal 2: Amendment to paragraph 2 of Licence Condition 15.2.1 to expand the application of ‘relevant persons’ to include shareholders, but also other entities with both direct and indirect interests in the licensee of 5 percent or more Summary of the responses to Proposal 2 of the Financial Key Event Reporting consultation.
  3. Proposal 3: Amendment to paragraph 3 of Licence Condition 15.2.1 to include the reporting of entering into financial agreements or arrangements with third parties and/or the receipt of financial assistance from a group company Summary of the responses to Proposal 3 of the Financial Key Event Reporting consultation.
  4. Proposal 4: Introduction of a new requirement for licensees to report to the Commission the details of individuals who acquire the equivalent of £50,000 or more worth of new shares in a rolling 12-month period Summary of the responses to Proposal 4 of the Financial Key Event Reporting consultation.
  5. Proposal 5: Amendment to the Licensing, Compliance and Enforcement Policy Statement under the Gambling Act 2005 to raise the threshold of shareholders to be listed from 3 percent to 5 percent Summary of the responses to Proposal 5of the Financial Key Event Reporting consultation.
  6. Equalities considerations Summary of the responses to the equalities considerations of the Financial Key Event Reporting consultation.
  7. Business impacts and implementation Summary of the responses to the business impacts and implementation questions of the Financial Key Event Reporting consultation.
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Introduction - Financial Key Event Reporting: Reporting changes in ownership and interests
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Annexes - Financial Key Event Reporting: Reporting changes in ownership and interests
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