3-Day Notification Requirements

To apply for additions or changes to the Corporate Licensed Entities, please visit the Licensee Portal and submit a ‘Corporate – Changes to Corporate Licence Entities’ application. (Fee: €1,500) The below documentation/information is required:

1. Current and post company structures signed by the applicant, showing all holding companies and the ultimate beneficial owners, and highlighting the new entities to be included as service entities (and eventually included in the Corporate licence);
2. Due diligence documentation for the new entity (EDFs) and its Directors (PDFs), unless already provided;
3. Description of the services to be offered by the new service entities;
4. Declaration regarding the retention of existing policies and procedures, as well as the relevant updated policies and procedures;
5. Declaration signed by Key Compliance stating that there will no changes to the Directors and Key Persons within the company, or PDFs for any new Key Persons.

To apply for changes to the approved qualifying shareholding, please visit the Licensee Portal and submit a ‘Corporate – Change in Approved Company Structure’ application. (Fee: €1,500) The below documentation/information is required:

1. Current and post company structures signed by the applicant, showing all holding companies and the Ultimate Beneficial Owners (“UBOs”);
2. Declaration that no UBOs directly or indirectly own more than 10% qualifying shareholding in the licence, signed by the director of the Licensee. Such declaration should include:
   i. All unqualified shareholders (indicating their shareholding percentage);
   ii. All qualified shareholders (indicating their shareholding percentage);
   iii. A confirmation that all necessary checks were conducted to confirm the above lists.
3. A signed company structure depicting all shareholders;
4. Sale & Purchase / Share Transfer Agreement / Board resolution;
5. Due diligence documentation for new UBOs (PDFs)/Companies (EDFs);
6. Source of Funds declaration for the consideration price and any additional investment, including proofs and evidence upon request;
7. Declaration regarding the retention of existing policies and procedures, and the relevant updated policies and procedures;
8. Declaration signed by Key Compliance stating that there will be no changes to the Directors and Key Persons within the company, or PDFs for any new Key Persons.

 

To apply for changes to the approved non-qualifying shareholding, please visit the Licensee Portal and submit a ‘Corporate – Changes to Entity Details’ application. A declaration by the Licensee’s directors, confirming that none of the shareholders, directly or indirectly hold more than 10% qualifying shareholding in the Licensee shall be submitted. Such declaration should include:

1. All unqualified shareholders (indicating their shareholding percentage);
2. All qualified shareholders (indicating their shareholding percentage);
3. A confirmation that all necessary checks were conducted to confirm the above lists;
4. A signed company structure depicting all shareholders (qualifying and non-qualifying).

To notify the MGA of the following notifications by foreign jurisdictions, please visit the MGA portal and submit a ‘Corporate – Changes to Entity Details’ application.

A. In the case of the commencement, in whatever jurisdiction, of material litigation against the licensee, and the outcome thereof when known, the below is needed:

• Any documentation deemed relevant to the change.

B. In the case of a refusal by a foreign jurisdiction to issue a gaming licence to the licensee or a group company as defined in the Companies Act (Cap. 386 of the Laws of Malta), the below is needed:

• Any documentation deemed relevant to the change.

C. In the case of a suspension or cancellation by a foreign jurisdiction of a gaming licence to the licensee or a group company as defined in the Companies Act (Cap. 386 of the Laws of Malta), the below is needed:

• Any documentation deemed relevant to the change.

In cases where the Licensee wishes to apply for the surrender of an authorisation, please visit the Licensee Portal and submit a ‘Licence – Licence Surrender’ application. The below documentation/information is required:

1. The Authorised Person needs to abide by the Termination procedures provided by the Authority which relate to players, the Licensee’s website, the Licensee’s gaming system, and the Licensee’s duties and payable fees;
2. Formal certified letter signed by one of the company directors, including a brief explanation as to why the entity wants to surrender the licence, and what will happen of the entity following the surrender approval;
3. The letter shall also contain information regarding the date of termination, player operations, pending player funds, and winding up of jackpots.

In cases where the Licensee wishes to voluntarily suspend an authorisation, please visit the Licensee Portal and submit a ‘Licence – Voluntary Licence Suspension’ application. The below documentation/information is required:

1. The Authorised Person needs to abide by the Termination procedures provided by the Authority which relate to players, the Licensee’s website, the Licensee’s gaming system, and the Licensee’s duty and payable fees;
2. Formal certified letter signed by one of the company directors, including information regarding the date of suspension, player operations, pending player funds and winding down of jackpots, general notice on the website, decommissioning of essential components, and settlement of payable duties;
3. Prior to the Licence going live again, the Licensee would be required to obtain the Authority’s approval for the desired vertical/s, submit all the updated documentation, submit the operations to a System Audit; and demonstrate compliance to any other requirements which the Authority may impose.

 

In cases where the Licensee wishes to surrender a land-based or online channel, please visit the Licensee Portal and submit a ‘Licence – Channel Surrender’. Any documents that shall require updating in view of the removal of the requested channel are required to be submitted.