MGA highlights governance gaps in licensed operators
Malta's MGA published a thematic review of governance assurance across a sample of B2B and B2C authorised persons. The regulator identified overreliance on a small number of senior decision-makers, limited evidence of challenge and impact assessment, and weak audit trails. It said stronger arrangements included active leadership, empowered key function holders and independent assurance.
The MGA review matters to licensed operators because it identified limited challenge and impact-assessment evidence plus weak audit trails.