UK Gambling Commission extends deadlines for regulatory returns
The UK Gambling Commission (UKGC) said Wednesday it has updated guidance on regulatory returns for operators, as they continue to adjust their working arrangements due to Covid-19.
The regulator has allowed an additional four weeks (28 days) for operators whose regulatory returns are due on or before 30 June 2020. For operators whose annual regulatory returns are due between 1 July and 31 July 2020, the UKGC is also allowing some additional time, as these must all be submitted by 12 September 2020.
Quarterly returns due after 30 June must now be submitted as normal, within 28 days of an operator’s quarter end. For example, if the operator's quarter end is in line with UK financial quarters (1 April 2020 to 30 June 2020), it needs to submit by 28 July 2020.
The regulator said that it still expects them to be submitted “accurately and in a timely manner.” These returns vary for each type of activity for which operators hold a licence, and are a basic condition of holding a gambling licence. “More than ever, the data we collect on the size, shape and trends of the gambling market is critical to our work in making gambling fair and safe,” UKGC stated.
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