The UK Gambling Commission has launched a consultation on updating the destination of regulatory settlements. The regulator notes that these settlements, which may include payments in lieu of financial penalties, are a key part of its enforcement toolkit.
The proposed change follows the implementation of the government’s statutory levy and the subsequent wind-down of GambleAware. The Commission suggests directing future regulatory settlements to the Consolidated Fund, aligning them with financial penalties. This approach aims to avoid a dual system or duplication of work funded by the new levy. The consultation is open for comments.