11141622 - MY Level III Training Material

11/10/22

Why is Independence Important?

– To regulate effectively, the regulator must apply the law to facts on the basis of legal and regulatory policy considerations in much the same way as a judicial body operates, but for the purpose of achieving the regulatory objective: Enforcing Compliance with the Law

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– Regulatory bodies are responsible for making hard decisions that may be politically unpopular, e.g. – Denial of a gaming license to someone well-liked in the community – Imposition of a fine or sanction – Order to suspend use of or remove equipment

Independence

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