Industry News
MGA extends deadline for the submission of audited financial statements

One of the regulatory requirements that stems from the regulatory instruments applicable to MGA licensees is that of the submission of audited financial statements for each financial year, by not later than 180 days after the end of such financial year.
The Authority is aware that adherence to such obligation is dependent on a thorough process which licensees must undergo with qualified third parties, and that the current situation in Malta and elsewhere, due to the COVID-19 pandemic, is such that such this may be difficult to complete in the timeframes which are expected in normal circumstances.
In this light, the Authority is hereby informing licensees whose last concluded financial year ended, or ends, between December 2019 and March 2020, that the deadline for submission of the audited financial statements envisaged in article 41 of the Gaming Authorisations and Compliance Directive is hereby extended to the end of October 2020. Nevertheless, by not later than 180 days after the end of their financial year, licensees are obliged to submit unaudited accounts, in order for the Authority to retain continuous visibility over their financial standing.
Should other considerations be required as the situation develops, the Authority will act accordingly and proportionately in line with the relevant developments.
-
Latest News5 days ago
GR8 Tech Powers Smarter Betting with New Match Trackers
-
eSports6 days ago
Esports World Cup Foundation Confirms Full Game Lineup, Schedule, and Club Championship Rules for EWC 2025
-
Latest News6 days ago
Midnite creates free limited-edition beer for fans to enjoy at World Snooker Championship
-
Press Releases6 days ago
BonusFinder Launches Practical Player Guide to Mastering Online Casino Bonuses
-
Latest News5 days ago
The Free Bet Wheel: Betting.bet Increases Player Engagement with New Gamification Tool
-
Asia6 days ago
100 Exclusive Product Launches to Debut at G2E Asia + Asian IR Expo
-
Latest News5 days ago
ACR POKER’S NEXT HIGH STAKES ADVENTURE TAKES PLAYERS TO MONTENEGRO FOR PRESTIGIOUS SUPER HIGH ROLLER SERIES
-
Conferences in Europe6 days ago
Speaking the Player’s Language: Promatic Group’s Take on Game Localization in CEE