As of October 2021, in view of the amendments to the Gaming Authorisations and Compliance Directive (Directive 3 of 2018), as per article 41(2)(b), Licensees should ensure that the audited financial statements shall, in addition to containing the information required in terms of such international financial reporting standards, include:
(i) For B2C licensees providing gaming services by remote means, illustrate Player Funds Account Balance separately under the Cash and Cash Equivalents Note to the audited financial statements as well as illustrate player funds under the Trade and Other Payables Notes to the audited financial statements;
(ii) Contain a reasonable assurance by the auditor that the licensee is compliant with its obligations in terms of the Gaming Tax Regulations and the Gaming Licence Fees Regulations; and
(iii) For B2C licensees providing gaming services by remote means, be accompanied by a signed declaration from the auditors confirming the player funds, the jackpot funds, as well as the portion of Player Funds Account balance which fall under the Maltese licence.
The assurance and declaration to be provided, as outlined in sub-paragraphs (ii) and (iii) above shall be provided in the form of separate letters of comfort which are, in turn, also distinct from the auditor’s report, to be submitted in terms of international financial reporting standards.