(1) The Gambling Commission may refund the whole or part of any fee paid for an operating licence if immediately before 3rd January 2018 the licence authorised a person to carry on an activity which became a regulated activity on 3rd January 2018 by virtue of Article 85(4A) and (4B) [S.I. 2001/544; article 85(4A) and (4B) were inserted by S.I. 2017/488.] (contracts for differences etc.) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
(2) In paragraph (1) "operating licence" means an operating licence issued by the Gambling Commission under Part 5 of the Gambling Act 2005 [2005 c.19.].