Bermuda Consolidated Legislation

 

BERMUDA STATUTORY INSTRUMENT

SR&O 88/1975

BETTING (AMOUNT OF GUARANTEE) REGULATIONS 1975

[made under section 26 of the Betting Act 1975 [title 28 item 27] and brought into operation on 20 December 1975]

ARRANGEMENT OF REGULATIONS

1 Interpretation

2 Bookmakers: amount of guarantee

3 Pool betting agents: amount of guarantee

 

 

Interpretation

1 In these Regulations—

"section" means section of the Betting (Regulation and Tax) Act 1975.

Bookmakers: amount of guarantee

2 The amount of the guarantee to be furnished by a licensed bookmaker under subsection (1) of section 12 shall be $10,000.

Pool betting agents: amount of guarantee

3 The amount of the guarantee to be furnished by a licensed pool betting agent under subsection (2) of section 12 shall be $10,000.

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