UKGC Announces, Implements Latest Adaptations
Published July 7, 2017 by Lee R
Equitable guidelines are being combined with incentives for settlement in the newest UKGC regulatory adaptations.
The United Kingdom Gambling Commission has adapted its enforcement strategy to more effectively address regulation-breaching
In Effect
As of Wednesday, July 5th, the changes are designed to put the consumer first.
Tiered Penalties
The first key component is the increased penalties to be imposed on breaches as a result of systemic and repeated violations or failure to comply.
Equalisation of Regulation
A further component is the equalisation of certain regulatory tools such as respective licence review of operator and personal management licences.
Time-Limit Discounts
Further, to encourage rapid settlement, time-limited discounts will be introduced as incentives for early settlement of fines and compliance.
UKGC Chief Speaks
UKGC Commission Chief Executive Sarah Harrison said of the new approach that her organisation is utilizing “the full range of enforcement powers to ensure operators put customers first and raise standards.”
Harrison further assured the industry of “effectively targeting power” through “robust and effective action when gambling companies don’t meet their obligations.”
Operators Urged to Learn
The updated strategy follows a consultation among UKGC officials, which resulted in all UKGC officials urging operators in the UK to familiarise themselves with the updated policy as soon as they can.
Empowering Consumers
The revised standards come after a consultation earlier this year when the UKGC committed to “enhance protections” by allowing punters to make “informed decisions” about their internet gambling activities.
Program Director Explains
UKGC Programme Director Sharon McNair recently explained of UKGC adaptations that “Consumers must be able to make informed decisions about their online gambling activity.”
Equalisation Trickles Down
The measures for equalisation are rooted in differences that the UKGC discovered in the level and accessibility of information available to each operator’s consumers, positioning equity as a form of consistent guidelines for operator activity that protect the consumer.
