MGA launches consultation on proposed Policy on Minimum Capital Requirements
The Malta Gaming Authority has launched a closed consultation with relevant stakeholders to gather their input and feedback on the proposed Policy on Minimum Capital Requirements.
The newly drafted policy has been designed to "ensure the financial stability of remote gaming operators, to safeguard the integrity of the gaming industry, and to keep abreast of current realities," the Authority explained.
According to the announcement, the Authority plans to introduce the Policy to clarify its position with respect to the minimum capital requirements for entities applying for authorization to provide a gaming service by remote means and/or a critical gaming supply to remote gaming service providers, or entities already in possession of such licence/s.
Earlier this month, the Authority issued a new guidance note related to changes in direct or indirect shareholding.
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