“In our experience of the


"special measures" process, the GC expects divestment (of financial gain) arising out of the alleged "failings" of the


licensee, but (by virtue of the short timetable) offers limited scope for representations. The proposed amendments to the


Policy indicate that divestment "may" be required, but in our view, divestment should never be a requirement of a process that does not provide adequate time for the allegations to be fully


considered and responded to.”


“Whilst we agree that positive regulatory outcomes may be achieved through a procedure that allows a willing licensee to avoid potentially protracted and costly enforcement


proceedings by working with the GC to address


issues/concerns identified during a compliance


assessment, for the reasons outlined above, we find the


proposals regarding "special measures" particularly troubling.”


WIRE / PULSE / INSIGHT / REPORTS P143


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