26GCBookmakers to keep records

26GC Bookmakers to keep records

26GC Bookmakers to keep records

(1) A bookmaker, including a former bookmaker, must keep a written record, setting out the true and accurate particulars of—

(a) every bet made with the bookmaker, and

(b) every bet back made by the bookmaker.

(2) The record—

(a) must indicate the races or declared betting events in connection with which the bets or bets back were made with or by the bookmaker, and

(b) must include any other particular required by the relevant racing controlling body.

(3) The record must be kept in a form approved by the relevant racing controlling body.

(4) The record must be kept for at least 5 years after the bet or bet back to which it relates is made.

Maximum penalty—100 penalty units.

s 26GC: Ins 2002 No 63, Sch 5 [7]. Am 2010 No 132, Sch 1 [2]; 2014 No 25, Sch 1 [4] [16].