SCHEDULES

SCHEDULE 25Amendments connected with Gambling Act 2005

Part 2Amendments of BGDA 1981

Bookmakers: spread bets

4

(1)

Section 3 (bookmakers: spread bets) is amended as follows.

(2)

In subsection (1), omit paragraph (b) (together with the “and” before it).

(3)

For subsection (2) substitute—

“(2)

A bet is a spread bet if it constitutes a contract the making or accepting of which is a regulated activity within the meaning of section 22 of the Financial Services and Markets Act 2000.”