SectorWire
SearchGet the daily briefing
Menu

MGA identifies governance gaps in review of licensed gambling businesses

Regulation

Malta’s MGA reported findings from a governance review of sampled B2B and B2C authorised persons. It cited reliance on a small number of senior decision-makers, limited evidence of challenge and impact assessment, and weaknesses in audit trails, alongside examples of governance practices it considered effective.

MGA-authorised businesses can use the findings to assess oversight, accountability and assurance across key functions.

Request a correction

Keep reading

Regulation

MGA reportedly drops several proposed Recognition Notice changes in Malta

The MGA reportedly abandoned several proposed amendments to Malta’s Recognition Notice framework after industry pushback, according to a media report. The regulator said its final approach would distinguish B2B and B2C businesses and use targeted, risk-based information gathering; it plans to continue consulting foreign licence holders.

A media report says the regulator has dropped a number of the changes it had put forward for the Recognition Notice framework, following resistance from the industry. Even so, the report added that the authority intends to keep seeking the views of foreign licence holders and to collect further input.

Continue reading