Horserace Betting and Olympic Lottery Act 2004
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Change 1
21 Licensing of Olympic Lotteries
(1) A licence under section 6 of the National Lottery etc. Act 1993 (c. 39) (licence authorising a body to promote lotteries as part of the National Lottery) may designate a lottery to which the licence relates as an Olympic Lottery. (2) A licence under section 5 of that Act (licence to run the National Lottery) must include provision— (a) for determining in respect of any period the proportion of proceeds of lotteries forming part of the National Lottery that is attributable to Olympic Lotteries, or (b) enabling the Gambling Commission to determine that proportion in respect of any period. (3) A designation under subsection (1) may be made only while provision under subsection (2) has effect. (4) In respect of a licence under section 5 of that Act that has effect when this section comes into force— (a) the Commission shall, after consulting the licensee, vary the licence so as to introduce provision of a kind specified in subsection (2)(a) or (b) above, and (b) the variation shall take effect at such time as the Commission shall specify (whether or not the licensee consents).
21 Licensing of Olympic Lotteries
(1) A licence under section 6 of the National Lottery etc. Act 1993 (c. 39) (licence authorising a body to promote lotteries as part of the National Lottery) may designate a lottery to which the licence relates as an Olympic Lottery. (2) A licence under section 5 of that Act (licence to run the National Lottery) must include provision— (a) for determining in respect of any period the proportion of proceeds of lotteries forming part of the National Lottery that is attributable to Olympic Lotteries, or (b) enabling the Gambling Commission to determine that proportion in respect of any period. (3) A designation under subsection (1) may be made only while provision under subsection (2) has effect. (4) In respect of a licence under section 5 of that Act that has effect when this section comes into force— (a) the Commission shall, after consulting the licensee, vary the licence so as to introduce provision of a kind specified in subsection (2)(a) or (b) above, and (b) the variation shall take effect at such time as the Commission shall specify (whether or not the licensee consents).
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