Cookies on the Gambling Commission website

The Gambling Commission website uses cookies to make the site work better for you. Some of these cookies are essential to how the site functions and others are optional. Optional cookies help us remember your settings, measure your use of the site and personalise how we communicate with you. Any data collected is anonymised and we do not set optional cookies unless you consent.

Set cookie preferences

You've accepted all cookies. You can change your cookie settings at any time.

Skip to main content
  1. Home
  2. About us
  3. Corporate Governance Framework

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
13 June 2024 - Changes

Document actions
Print or save (opens in new tab)

  1. Contents
  2. 21 - Disposal of Assets

21 - Disposal of Assets

21.1 The Gambling 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.

Is this page useful?
Back to top