Major Financial Summit to Address Shifts in Consumer Protection Laws

Financial key event reporting

The Commission has rules in place so that licensees provide it with relevant information about ownership, finances and interests.

Following consultation the Commission has made changes to these rules to take account of the increase in complexity of mergers and acquisitions, and the increased globalisation of gambling.

These changes will come into force on 19 March 2026.

New consumer legislation

A number of changes have been made to the Licence Conditions and Codes of Practice (LCCP) in light of the introduction of the Digital Markets, Competition and Consumers (DMCC) Act 2024.

The new Act revoked and replaced the Consumer Protection from Unfair Trading Regulations 2008 and will lead to the revocation of the Alternative Dispute Regulation (ADR) for Consumer Disputes (Competent Authorities and Information) Regulations 2015, replacing them with new provisions. Following consultation, all references to these regulations in the LCCP will be amended or removed and replaced with references to the new DMCC Act.

While some of these changes will come into force on 6 April 2026, the implementation of others will depend on when the Department for Business and Trade (DBT) can enact the changes in the DMCC Act to abolish the ADR regulations.

Tim Miller, Executive Director of Research and Policy, said: “Complex global business structures mean that their operator ownership and interests are not always clear and their financing arrangements are not always straightforward. 

“However, changes to financial key event reporting will help us keep an even closer eye on the interests and finances of operators, in addition to making sure reporting requirements are in keeping with global governance arrangements.

“Changes to our LCCP because of the introduction of the Digital Markets, Competition and Consumers (DMCC) Act 2024 ensure operators are clear about the most up-to-date consumer focussed legislation.”

Read the financial key event consultation response.

Read the new consumer legislation consultation response.