Regulation 3 Amendments to the Principal Regulations

Amend the Principal Regulations as follows—

(a)

in regulation 3—

(i)

in the definition of an “accounting period”, for “regulations 7 to 11” substitute “regulations 8, 10 and 11”,

(ii)

in the definition of an “on-course bookmaker”, before “meeting” insert “horse or dog race”, and

(iii)

omit the words after the definition of an “on-course bookmaker”;

(b)

omit regulations 7 and 9;

(c)

in regulation 10—

(i)

in paragraph (1), before “bookmaker” insert “qualifying” and omit “in respect of qualifying bets”,

(ii)

in paragraph (3)(b) and (c) omit “or regulation 6 of the General Betting Duty Regulations 1987”,

(iii)

omit paragraph (5),

(iv)

in paragraph (6) omit “of any class”;

(d)

in regulation 11—

(i)

in paragraph (1), omit “9 or”,

(ii)

in paragraph (2), omit “of any class” and “in respect of bets other than financial spread bets”, and

(iii)

in paragraph (3)(a), for “regulations 9(3)(c) and” substitute “regulation”.