The UK has officially repealed the 24-year-old Warehousekeepers and Owners of Warehoused Goods Regulations (WOWGR), marking a major shift in whisky cask ownership. These regulations, originally introduced in 2001, required individuals and businesses to obtain a WOWGR licence to own whisky casks stored in bonded warehouses. While the intent was to prevent fraud, the system also created barriers for legitimate collectors.

With this repeal, whisky cask ownership is now more accessible. This change simplifies the process for those looking to collect whisky in cask form, removing the need for additional licensing and making the market more open.

What This Means for Whisky Collectors

• Easier Access – Without the need for a WOWGR licence, private collectors will find it simpler to buy and hold casks.
• Market Growth – More participants in the market could lead to increased transparency and liquidity.
• Regulatory Simplicity – The removal of licensing requirements streamlines the process for both new and existing collectors.

While this is a significant change, bonded warehouses and HMRC regulations still ensure oversight and compliance within the industry. This repeal is expected to encourage a more dynamic whisky cask market, making it easier for collectors to participate.

If you have any questions about what this means for the whisky market,
feel free to get in touch.

Best,
Elite Wine & Whisky Team