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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 September 2022 - onwards
  Version 5 of 5    

Regulation 14 High value dealers, casinos, auction platforms and art market participants

(1) In these Regulations -

(a) "high value dealer" means a firm or sole trader who by way of business trades in goods (including an auctioneer dealing in goods), when the trader makes or receives, in respect of any transaction, a payment or payments in cash of at least 10,000 euros in total, whether the transaction is executed in a single operation or in several operations which appear to be linked;

(b) "casino" means the holder of a casino operating licence and, for this purpose, a "casino operating licence" has the meaning given by section 65(2)(a) of the Gambling Act 2005 [2005 c.19.] (nature of licence);

(c) "auction platform" means a platform which auctions two-day spot or five-day futures, within the meanings given by regulation 2(1) of the UK auctioning regulations, when it carries out activities covered by that regulation.

(d) "art market participant" means, subject to paragraph (3), a firm or sole practitioner who -

(i) by way of business trades in, or acts as an intermediary

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