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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. 21 - Disposal of Assets

21 - Disposal of Assets

21.1 The Gambling Commission (the Commission) requires the Secretary of State’s approval for any disposal of land regardless of value.

21.2 The Commission should seek approval from the Department for Digital, Culture, Media and Sport (DCMS) for the disposal of all other assets (excluding fixtures and fittings) above the maximum value as defined in their annual delegation letter.

21.3 The sale or lease of assets at below market value is regarded as a gift. If the difference between the market value and the amount received (the gift) exceeds £300k, HM Treasury (HMT) approval is required.

21.4 Unless a specific delegation limit is awarded to the Commission, HMT approval is required for all retention of receipts arising from asset disposals regardless of value.

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