Key Official Introduction
THE KEY OFFICIAL IS THE INDIVIDUAL WHO IS APPOINTED BY THE LICENSEE IN ORDER TO BE RESPONSIBLE TO LIAISE WITH THE MALTA GAMING AUTHORITY AND ENSURES THAT THE OPERATOR IS COMPLIANT WITH THE REMOTE GAMING REGULATIONS AS WELL AS MGA GUIDELINES. HE OR SHE WILL BE THE MAIN POINT OF CONTACT AND IT IS CURRENTLY REQUIRED TO BE APPOINTED AS A DIRECTOR.
THE KEY OFFICIAL MUST BE RESIDENT IN MALTA. THIS IS IMPLIED AS HAVING AN ELEMENT OF PHYSICAL PRESENCE IN MALTA, RESIDENCY IS NOT DEFINED IN THE REGULATIONS; HOWEVER THE AUTHORITY INTERPRETS THIS REQUIREMENT IN THE CONTEXT OF THE KEY OFFICIAL (KO) RESPONSIBILITIES AND EXPECTS A KO TO BE READILY AVAILABLE IN MALTA TO FULFIL ALL DUTIES, LEGAL REQUIREMENTS AND RESPOND TO ANY QUERIES FROM THE MALTA GAMING AUTHORITY.
AS MENTIONED THE KEY OFFICIAL, SUCH INDIVIDUAL IS BE ASSUMING THE RESPONSIBILITY OF A DIRECTOR. THEREFORE, ONCE APPROVAL IS ISSUED FROM THE MALTA GAMING AUTHORITY, THE KEY OFFICIAL MUST BE APPOINTED AS DIRECTOR OF THE COMPANY. ANY DIRECTOR OF THE COMPANY SHALL PROMOTE ITS WELL-BEING AND SHALL BE RESPONSIBLE FOR THE GENERAL GOVERNANCE, PROPER ADMINISTRATION AND MANAGEMENT OF THE COMPANY AND THE GENERAL SUPERVISION OF ITS AFFAIRS.