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Monday, March 4, 2024

MGA: Repealed Guidance Note at the Impact of the UK’s Exit from the European Union

NewsMGA: Repealed Guidance Note at the Impact of the UK’s Exit from the European Union

 

The Malta Gaming Authority has repealed the “Guidance Note at the Impact of the United Kingdom’s Exit from the European Union”. The Guidance Note have been posted earlier than the finalisation and booklet of the EU-UK Trade and Cooperation Agreement, with the intention of informing Authorised Persons approximately the capacity influences of Brexit and to offer steerage at some point of a length of uncertainty. Therefore, the Guidance Note is reflective of the Authority’s role previous the booklet and getting into pressure of the Agreement.

The booklet of the Agreement become pivotal in supplying criminal readability as to how the EU-UK dating will preserve post-Brexit and delineated the phrases that both Party is sure with the aid of using withinside the improvement of alternate and funding among them. The Authority is obliged to stick to the Agreement’s phrases, which supersede any positions held earlier than it entered into pressure.

In mild of this, the Authority repealed the Guidance Note, as a part of its sustained dedication to make certain its criminal and regulatory framework is clear, correct and up-to-date. Furthermore, via the Notice of Repeal, the Authority has additionally taken the possibility to offer extra readability at the topics mentioned in the Guidance Note.

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