As announced on 1 May 2024, the Commission will begin its pilot of frictionless ‘light touch’ financial risk assessments from 30 August.
The pilot will initiate the Commission’s four-stage plan to adopt regulatory changes to “remote game designs, terms and conditions on direct marketing, light-touch financial vulnerability checks, and tightening processes to support age verification checks in premises.”
On 30 August, the Commission will begin its six-month pilot on light-touch affordability checks, applied to an initial threshold of customer deposits of £500 a month.
The pilot aims to reduce the deposit threshold to £150 a month by 28 February 2025 as the mandatory limit for affordability checks to be applied by online operators.
As noted, the pilot is being undertaken with credit agencies and online gambling operators to examine the potential custo..