Policy
Fourth National Lottery Licence: Regulatory Handbook
The Commission’s regulatory handbook sets out our regulatory approach to the National Lottery.
3. Regulatory Approach context
3.1: This volume explains, in high level terms, key features of the outcomes-focused regulatory approach we will adopt for the Fourth Licence. It provides the context for the changes in our approach from the Third Licence and enhances the ability of stakeholders to better understand how our regulatory decisions and assessments will be made in a range of circumstances. We provide an overview of how this volume interacts with the other volumes of this Regulatory Handbook and our wider Regulatory Model as described in the background section of this document.
3.2: This volume further articulates and explains our Regulatory Model. It also provides a reference point – for the Licensee, other stakeholders, and for us – as to how we intend to approach future regulatory issues. Aside from the Regulatory Handbook, we will continue to review and publish any further information and guidance we consider appropriate during the Fourth Licence.
3.3: The rest of volume one is structured as follows:
- section 4 summarises the key areas which influenced the development of our regulatory approach
- section 5 describes and illustrates the four key features of our approach: making our Regulatory Model more outcomes-focused; better aligning incentives between the Licensee and Good Causes; providing greater flexibility for the Licensee; and increasing Licensee ownership of its performance
4. Our development of the Fourth Licence approach
Last updated: 1 February 2024
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