UKGC Announces Consultation into Protection of Customer Funds UKGC Announces Consultation into Protection of Customer Funds
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Key Takeaways
  • The UK Gambling Commission launches a consultation on the protection of player funds.
  • Options include mandatory segregated accounts and two types of trust fund.
  • New license conditions are proposed to provide full disclosure to customers who make deposits.
  • Consultation responses are required by December 4.

The UK Gambling Commission has launched a consultation on the protection of customer funds. Responses are required by December 4, and the resulting license condition amendments will come into force at the earliest in April next year.