Under current law, operators must apply for a sub-licence from one of the four current master licence holders in order to gain approval. Jansen said it is the government’s intention to see this system phased out. While the legislation has not yet been submitted to parliament, the regulators will be issuing new licences with enhanced obligations from 1 September. Importance of continuity. To ensure continuity, Jansen said the regulator will be extending all master licences for an additional year. Jansen emphasised that the process will not disrupt the business of any current licensees. “No operator is going to have to pause or stop any business as a result of anything done by the ministry,” she said. “One of the primary elements of the transitions into the new regime is to facilitate uninterrupted continuity of all operations of sub-licence holders.” However, when the LOK does eventually enter into force, all sub-licensees will have a 90-day deadline to make an application for a new licence, regardless of the remaining term of the master licence. TÜBİTAK curaçao Bilim Fuarları Destekleme Programı Elektronik İmza Süreci Yardım Dökümanı.
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The image will expand upon clicking. What should operators do about the new Curaçao license? We recommend that operators stay in close contact with their current legal service providers and wait for more information to come in the following months. For our part, we are doing our best to prepare our clients with proposals for a concrete action plan to comply with the new regulatory requirements. We are keeping our finger on the pulse and will be the first to receive more detailed information regarding the requirements and inform you immediately. We are also preparing a contingency plan for alternative licenses for those operators who will not be willing or otherwise unable to comply with the new regulatory requirements of the Curacao license. If you have any questions about future changes or would like to discuss a plan for further action, please contact the lawyer accompanying your project. Iccwin casino.
Information about upcoming changes has been regularly presented in the media over the past years, due to the global trend of tightening regulation and the particular pressure of the Netherlands on Curacao. During the conference, the Ministry of Finance of Curaçao presented its plan for key changes to the license, and we have compiled basic information and facts that current and new operators should be aware of. New regulator and license structure. Today, Curaçao licenses are issued by Master license holders. Master license holders are private companies that were granted the right to conduct gambling activities by the government of Curacao in the late 90s.
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