reg 16

Term of licences

In force

(1) For sections 56A(a) and 141(a) of the Act, the prescribed period for the term of the following licences is:

(a)

for a racecourse licence – 5 years;

(b)

for a betting exchange licence – 20 years;

(c)

for an on-course bookmaker licence – 5 years;

(d)

for a sports bookmaker licence – 20 years;

(e)

for a key person licence – 5 years.

(2) To avoid doubt, subregulation (1) applies to the renewal of a licence referred to in section 307(1) of the Act.

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