The proposed amendments have been documented under the Gaming Authorisations and Compliance Directive (Directive 3 of 2018).
Feedback is required for the MGA to continue to strengthen its risk-based approach to regulating the financial conduct of licensees and to address uncertainties faced by the industry. The consultation will be open until 25 April 2025 as part of an initiative to enhance the MGA’s efficiency and regulatory effectiveness.
The Gaming Authorisations and Compliance Directive has proposed “enhanced reporting requirements” for licensees, who will be required to submit new monthly reports on ‘player funds’ and ‘managed accounts’ to the MGA.
Regarding financial reporting, the MGA seeks to apply a standardised framework requiring all licensees to submit their interim and annual sta..