Gambling Regulation Act 2024
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Regulations: Segregated Customer Accounts | ||
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136. The Authority may, for the purposes of section 135 and the operation of Segregated Customer Accounts by licensees, by regulations do any or all of the following: | ||
(a) specify the type of account licensees may open at a regulated financial services provider for the Account; | ||
(b) specify a category of Business to Consumer gambling licence or a relevant gambling activity which is the subject of such a licence, or both, in respect of which a licensee of that licence is not required to open and maintain the Account; | ||
(c) specify, for the purposes of section 135 (3)(d), when a licensee may access relevant funds; | ||
(d) specify the accounting records to be maintained by a licensee in relation to the Account including information as to relevant funds received, held, controlled or paid out by the licensee; | ||
(e) specify the minimum period or periods for which the accounting records referred to in paragraph (d) shall be retained by a licensee; | ||
(f) require a licensee to arrange for the examination, by an auditor or a duly qualified accountant, at intervals specified in the regulations, of accounting records to be maintained by the licensee under paragraph (d); | ||
(g) specify circumstances in which a licensee may be required to make good any deficit in relevant funds in an Account; | ||
(h) specify the circumstances and manner in which a licensee shall verify compliance with section 135 and the regulations (if any) made under this section, including the frequency of so verifying. |