The Malta Gaming Authority (MGA) requires each Licensee to appoint a Key Official to be a director of the licensee and physically present in Malta. As leading specialists within the online gaming industry in Malta, CSB Group provides Key Officials to act as directors for gaming operators licenced by the MGA (Malta Gaming Authority).
Key Official Services for Gaming Operators
A Key Official would need to be appointed within 21 days from issue of the LOI (Letter of Intent).
Responsibilities of a Key Official (KO):
- System review / certification of compliance.
- Sealing of servers and also responsible to make sure seals are not broken, and if so must be reported to the MGA and re-sealed.
- Incident reports – the MGA is to be advised in respect of any changes made to either the hardware or software of the company, by signing and submitting the incident reports.
- Keeping the MGA updated in respect of any changes to be made, to the set-up approved by MGA.
- Submission of monthly gaming tax and annual gaming licence fee.
- Submission of the company’s accounts / audit.
- Ensuring players’ funds are adequately held by the company at all times.
- Data protection.
- NSO – national statistics.
- The Key Official is to have access to the back-end system.
Furthermore, the Key Official together with the Management of the Company needs to ensure that the company is operating in line with the following Malta regulations:
- Companies Act, 1995
- Data Protection Act, 2001
- Electronic Commerce Act, 2001
- Electronic Communications (Regulation) Act, 1997
- Income Tax Act, 1948
- Income Tax Management Act, 1994
- Lotteries and other games Act, 2001 as amended (Remote Gaming Regulations)
- Prevention of Money Laundering Act, 1994