Moved by
Lord Phillips of Sudbury
164: After Clause 113, insert the following new Clause—
“Review of the effects of the exemption of certain business and financial contracts from the Gaming Acts
(1) The Treasury must institute a review of the effects of certain business and financial gaming contracts having been made enforceable at law by the repeal of certain provisions of the Gaming Acts pursuant to the Financial Services Act 1986 (as amended).
(2) “Effects” shall include the national social, cultural and ethical effects as well as the commercial and economic effects.
(3) The Treasury shall appoint one or more persons to undertake the review after consultation with the Bank of England, the PRA and the FCA and such others as it shall decide on such terms as it thinks fit.
(4) The review shall culminate in a report to the Treasury within two and a half years of the coming into force of this Act.
(5) The Treasury must lay the report before Parliament and thereafter publish the same.”