Compliance Updates

BOS Welcomes Tightened Rules for Granting Credit and Introduction of Swedish Debt Register

Published

2 years ago

October 17, 2023

Niji Narayan

Reading Time: < 1 minute

The Swedish Trade Association for Online Gambling (BOS) has submitted its reply to the Ministry of Justice on the inquiry “Strengthened consumer protection against risky lending and over-indebtedness” (SOU 2023:38).

In the inquiry, a stricter regulatory framework is proposed with a ban on third parties promoting the granting of credit for gambling. It is also suggested that Sweden should introduce a debt register.

BOS is positive about all proposals in the investigation with bearing on the gambling market.

“It is in the interest of the licensed gambling companies that gambling consumers do not spend more money than they can afford. Gambling shall offer excitement, joy and entertainment in safe and secure forms. Gambling should not lead to financial worry or vulnerability. Our member companies have no interest in directly or through agents encouraging their customers to gamble on credit. Therefore, we welcome the proposals in the inquiry that have bearing on the gambling market,” Gustaf Hoffstedt, General-Secretary of BOS, said.

Related Topics:BOS Gustaf Hoffstedt Swedish Trade Association for Online Gambling

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.