Swedish regulator supports proposed EU credit rules
The Swedish gaming regulator says proposed EU rules would help reduce gambling harm.
Sweden.- Spelinspektionen, Sweden’s national gambling regulator, has responded to the European Commission’s proposals to reform its Consumer Credit Directive, which aims to ensure credit information is displayed to consumers in a clear way.
The proposed revisions seek to add greater clarity so that consumers know what they’re signing up for. They also seek to improve assessments of creditworthiness, while EU member states will also be required to promote financial education and to ensure debt advice is readily available.
Spelinspektionen director general Camilla Rosenberg said: “Strengthened consumer protection when granting credit, in particular a strengthened and expanded credit review, can contribute to a reduction in gambling on credit and thus promote the protection of players with problematic gambling behaviour.”
The regulator recently published new guidelines on anti-money laundering and terrorist financing measures after operators asked for more clarity in the area. The new guidelines include summaries of operators’ obligations, best practice and a review of the relevant law.
