Report
ABSG Progress Report on the National Strategy to Reduce Gambling Harms - Year 3
ABSG - Year three Progress Report on the National Strategy to Reduce Gambling Harms
Annex 2 - Summary of proposed changes to Licence Conditions and Codes of Practice and the Licensing, Compliance and Enforcement Policy Statement under the Gambling Act 2005.
Amendment to paragraph 1 and 2 of Licence Condition 15.2.1 to raise the reporting threshold for ‘operator status’ and ‘relevant persons and positions’ from 3 percent to 5 percent.
Amendment to paragraph 2 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 so that these are reported to the Commission.
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 so that these are reported to the Commission (and moving the requirement to become Licence Condition 15.2.1 paragraph 6, changing the current paragraphs 6 and 7 to paragraphs 7a and 7b, accordingly).
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 or entities that acquire the equivalent of £1 million or more worth of new shares in a rolling 12-month period, along with the value of the acquisition and evidence of source of funds for that investment (to become paragraph 3 at Licence Condition 15.2.1).
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 under the section about Licensing (under the heading, ‘Identity and Ownership’).
Last updated: 18 December 2025
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