Part 3

National Lottery: Olympic Lotteries

Olympic Lotteries

Licensing of Olympic Lotteries
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1
A licence under section 6 of the National Lottery etc. Act 1993 (c. 39) (licence authorising a body to promote lotteries as part of the National Lottery) may designate a lottery to which the licence relates as an Olympic Lottery.
2
A licence under section 5 of that Act (licence to run the National Lottery) must include provision—
a
for determining in respect of any period the proportion of proceeds of lotteries forming part of the National Lottery that is attributable to Olympic Lotteries, or
b
enabling the National Lottery Commission to determine that proportion in respect of any period.
3
A designation under subsection (1) may be made only while provision under subsection (2) has effect.
4
In respect of a licence under section 5 of that Act that has effect when this section comes into force—
a
the Commission shall, after consulting the licensee, vary the licence so as to introduce provision of a kind specified in subsection (2)(a) or (b) above, and
b
the variation shall take effect at such time as the Commission shall specify (whether or not the licensee consents).