A Key Official would need to be appointed within 21 days from issue of the Letter of Intent.
Following find a list of responsibilities that need to be adhered to by the Companies’ Key Official (KO):
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System review / Certification of compliance.
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Sealing of Servers and also responsible to make sure seals are not broken, and if so must be reported to the LGA and re-sealed.
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Incident reports – the LGA 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.
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Keeping the LGA updated in respect of any changes to be made, to the set-up approved by LGA.
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Submission of monthly gaming tax and annual gaming license fee.
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Submission of the Company’s Accounts / Audit.
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Ensuring players’ funds are adequately held by the Company at all times.
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Data Protection.
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NSO – National Statistics.
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KO is to have access to the back-end system.
Further, 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:
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Companies Act, 1995
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Data Protection Act, 2001
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Electronic Commerce Act, 2001
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Electronic Communications (Regulation) Act, 1997
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Income Tax Act, 1948
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Income Tax Management Act, 1994
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Lotteries and other games Act, 2001 as amended (Remote Gaming Regulations)
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Prevention of Money Laundering Act, 1994
