A licensee shall appoint at least one Key Official. Such appointment must be approved by the Lotteries and Gaming Authority (LGA) and is a condition of the license. A Key official must satisfy the following criteria:
- He must be a resident in Malta;
- The Key Official must be appointed as a director of the Company holding the license;
- He must be a physical person not a legal entity;
- and he must be approved by the LGA as a fit and proper person
Following find a list of responsibilities that need to be adhered to by the Companies‘ Key Official (KO):
- System review / Certification of compliance.
- 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.
- 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.
- Keeping the LGA updated in respect of any changes to be made, to the set-up approved by LGA.
- Submission of monthly gaming tax and annual gaming license fee.
- Submission of the Company‘s Accounts / Audit.
- Ensuring players‘ funds are adequately held by the Company at all times.
- Data Protection.
- NSO - National Statistics.
- 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:
- Companies Act, 1995
- Data Protection Act, 2001
- Electronic Commerce Act, 2001
- Electronic Communications (Regulation) Act, 1997
- Income Tax Act, 1948
- Income Tax Management Act, 1994
- Lotteries and other games Act, 2001 as amended (Remote Gaming Regulations)
- Prevention of Money Laundering Act, 1994