Compliance Updates
MGA- Key Functions

One of the salient changes which shall be brought about by the new Gaming Act, as of 1st July 2018, is that licensees are required to identify the persons responsible for the key functions as defined at law. Such persons are, in turn, required to undergo the MGA’s scrutiny in order for the Authority to assess their fitness and propriety. The persons who fulfil the necessary criteria shall then be issued with a key function certificate for the relevant function or functions.
The implementation of such change shall be as follows:
(i) Compliance with the licensee’s obligations emanating from the MGA licence/s;
(ii) Player support;
(iii) Responsible gaming.
c) The person responsible for internal audit is normally expected not to hold any other function.
For the avoidance of doubt, the above is meant as prima facie guidance and is without prejudice to requirements stemming from other applicable legislation regarding certain functions, including but not limited to requirements relating to the Money Laundering Reporting Officer and the Data Protection Officer. The operational structure of each licensee is different, and therefore it is the responsibility of each licensee to ensure that conflicting functions are not exercised by the same person.
Notwithstanding the above, in light of the fact that this segregation of roles is necessarily burdensome from a resources perspective, start-up undertakings as defined in the Gaming Licence Fees Regulations, and recognised as such by the Authority in line with the Start-Up Undertakings Directive, may be allowed to have a single person conduct roles which may prima facie appear conflicting, during the first year of operation, if the Authority is satisfied that the integrity of the licensed operation will not be negatively affected.
Furthermore, such undertaking shall not be required to have a person responsible for the key function of internal audit, during such first year of operation. This is without prejudice to requirements stemming from other applicable laws.
-
Africa6 days ago
South Africa is Leading the Call for Responsible Gambling in African Countries
-
Compliance Updates6 days ago
UK Gambling Commission Publishes Further Data on the Gambling Industry in Great Britain
-
Asia5 days ago
SOFTSWISS Heads to SiGMA Asia 2025
-
Industry News5 days ago
Americas Online Gambling Market To Soon Eclipse Europe’s, Finds Vixio Forecasts
-
Baltics6 days ago
HIPTHER Confirms Exciting Networking Venues and Stage Themes for MARE BALTICUM Gaming & TECH Summit 2025
-
Asia6 days ago
Xailient and Konami to Debut Privacy-Safe Biometric Innovation for Table Games at G2E Asia 2025
-
Asia5 days ago
AA Gaming Announce the Rajasthan State Esports Championship (RSEC) with Youth Affairs & Sports Department, Govt. Of Rajasthan
-
Compliance Updates6 days ago
Darts Player Andy Jenkins Gets 11-year Ban for Match-fixing