Gambling Commission consultation on update to the destination of regulatory settlements

Regulatory settlements, including those made through payments in lieu of a financial penalty, remain an important element of the Commission’s regulatory toolkit.

With the Government’s statutory levy now in force and the resulting winddown of the charity GambleAware, the Commission is updating its Statement of Principles for Determining Financial Penalties to reflect changes to the destination of regulatory settlement funds.

The Commission proposes that future regulatory settlements should be directed to the Consolidated Fund, aligning them with the destination of financial penalties. The Consolidated Fund receives taxation and other government income used to support public expenditure. This approach reflects the new levy commissioning structures and prevents the creation of a dual system or duplication of activity funded through the statutory levy.

The Commission is inviting views on this proposed change to the destination of regulatory settlements.