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Policy

Corporate Governance Framework

Our corporate governance framework sets out the necessary responsibilities and procedures that guarantee we operate properly.

Published
29 October 2021

Last updated
16 January 2024 - Changes

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  1. Contents
  2. 19 - Banking and managing cash

19 - Banking and managing cash

19.1 The Gambling Commission (the Commission) must maximise the use of publicly procured banking services (accounts with central government commercial banks managed centrally by Government Banking).

19.2 The Commission should only hold money outside Government Banking Service accounts where a good business case can made for doing so and HM Treasury consent is required for each account to be established. Only commercial banks which are members of relevant UK clearing bodies may be considered for this purpose.

19.3 Commercial accounts where approved should be operated in line with the principles as set out in Managing Public Money (MPM).

19.4 The Accounting Officer is responsible for ensuring the Commission has a banking policy as set out in MPM and ensuring that policy is complied with.

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