System Documentation Checklist Update

The Malta Gaming Authority is hereby publishing a revised version of the System Documentation Checklist (the ‘Checklist’), which may be accessed below, or in the ‘Downloads’ Section. The revised Checklist builds on the previous version, however it omits any requirements that were inefficient or obsolete.  Instead, this checklist focuses more on:

  • The Company Structure
  • The Business Plan
  • The Operating Policies and Procedures
  • The Gaming and Technical Setup
  • KYC and AML Procedures
  • Responsible Gaming and
  • Sports Integrity procedures.

This Checklist is made up of 3 separate checklists to cater for the differing B2C, B2C with DLT and B2B needs.

Although applicants are urged to refer to the revised Checklist where possible, the revised requirements will come into force from 3 May 2022.  As of this date, the Gaming Licence Application Form, and other Technical Application Forms on the Licensee Relationship Management System (the ‘LRMS’) will be updated to reflect the new Checklist requirements, as well as some other technical enhancements.  Hence, any applications submitted through the LRMS following this date will need to abide by the revised Checklist requirements.  Any applications submitted after 3rd May, not meeting these requirements will be reset to ‘Draft’ mode.

Revisions to the System Audit and Compliance Audit checklist are also envisaged and will be published shortly.

Furthermore, as of 3 May 2022, the Authority will also be requesting all applications involving funding (especially Gaming Licence Applications and Share Transfer applications) to be accompanied by the Source of Wealth and Statement of Affairs templates.  Source of Wealth Declaration needs to be filled in by all UBOs and/or third parties investing funds into a Licensee/Licence applicant.  This form needs to be supported by detailed and relevant evidence/proof to account for the funds being invested in the operations.

The Statement of Affairs form also needs to be filled in by all UBOs and/or third parties investing funds into a Licensee/Licence applicant.  Evidence to support this Statement of Affairs might be requested by the Authority in case additional information is required for the purpose of processing the application.

In order to help licensees, applicants and consultants remain up to date with any other recent and planned changes on the Regulatory front, the Authority has launched a ‘Regulatory Updates’ section on its website. This section will be kept updated with all changes in a timely manner, although major changes will still be notified through the usual means.

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