The UK Gambling Commission has confirmed that all license holders must submit regulatory returns on a quarterly basis from 1 July.
The decision follows a ‘consultation response’ to review the frequency of regulatory returns observed by all license holders. As such, the Commission will amend License Condition 15.3.1 to impose mandatory quarterly submissions to improve the “harmonisation of reporting periods and to achieve unified submission dates”.
Quarterly submissions will enable the Commission to improve its budget and forecasting “through an improved ability to understand income levels on a more regular basis”.
Further advantages will allow the Commission to gather more frequent datasets from operators in a timely and accurate manner to help enhance its understanding of industry trends.
