Member

Previously, the Bill explicitly excluded parachute payments from the definition of relevant revenue, as noble Lords are aware. This version of the Bill no longer makes that distinction, allowing the inclusion of parachute payments where relevant. This change was made to ensure that the regulator can consider all aspects of revenue as it makes a financial assessment of the game. However, it is important to note that this new inclusion is proportionate, as parachute payments will be assessed only if the regulator considers them to be of systemic risk to the game’s financial sustainability.