The General Betting, Pool Betting and Remote Gaming Duties (Returns, Payments, Information and Records) Regulations 2014
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Change 1
5 Betting exchanges: provision of information to bookmakers
(1) In this regulation, a “betting exchange operator” is a third person who, in the course of a business that did not involve the provision of premises for use by persons making or taking bets, provided facilities used by one person to make a general bet with another person (the “bookmaker”). (2) The betting exchange operator must within the time limit in paragraph (5) provide the bookmaker with a statement of the bookmaker’s profits for an accounting period on all the general bets made using those facilities that met Condition B or C in section 126. (3) The betting exchange operator need only do so if the bookmaker makes a request for the statement, and that request is in a form and manner approved by the Commissioners in relation to that operator. (4) Each betting exchange operator must for these purposes publish on the internet the approved form and manner for requests to that operator. (5) The time limit for provision of the statement by the betting exchange operator is the latest of 14 days starting from— (a) the day the operator receives the request, or (b) the final day of the accounting period in question.
5 Betting exchanges: provision of information to bookmakers
(1) In this regulation, a “betting exchange operator” is a third person who, in the course of a business that did not involve the provision of premises for use by persons making or taking bets, provided facilities used by one person to make a general bet with another person (the “bookmaker”). (2) The betting exchange operator must within the time limit in paragraph (5) provide the bookmaker with a statement of the bookmaker’s profits for an accounting period on all the general bets made using those facilities that met Condition B or C in section 126. (3) The betting exchange operator need only do so if the bookmaker makes a request for the statement, and that request is in a form and manner approved by the Commissioners in relation to that operator. (4) Each betting exchange operator must for these purposes publish on the internet the approved form and manner for requests to that operator. (5) The time limit for provision of the statement by the betting exchange operator is the latest of 14 days starting from— (a) the day the operator receives the request, or (b) the final day of the accounting period in question.
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