Gaming

Ukraine publishes remit and objective of first Gambling Commission

Monday 05 de October 2020 / 08:15

⏱ 1 min read

(Ukraine).-Ukraine has sanctioned a series of ‘secondary laws’ to accompany its formally approved ‘Gambling Law’ mandate, establishing the foundation of Ukraine’s first-ever ‘Gambling and Lottery Commission’ (UGLC).

Ukraine publishes remit and objective of first Gambling Commission

Closing September proceedings, Rada ministers approved a secondary decree ‘on the formation of a gambling and lottery commission’, which will serve as the state’s legal entity to monitor licensed gambling activities and market conduct.
The decree detailed key criteria as to how the UGLC will operate with regards to its regulatory remit, legislative authority, structure and funding.

In 2021, the UGLC will be tasked with handling ‘all licensing controls’ ahead of Ukraine’s government launching its desired federal regulated gambling marketplace (launch date TBC).
As the market becomes activated, the UGLC will become the central agency monitoring operators’ compliance and market conduct in relation to fulfilling regulatory requirements, applicable laws and ensuring that Ukraine’s new safer gambling measures are in place.

The decree noted that the UGLC will be permitted to carry out ‘enforcement procedures’ within its remit, but underlined that the agency held no powers to conduct criminal proceedings.

Categoría:Gaming

Tags: Sin tags

País: Ukraine

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