Regulatory Principles Charter
The Authority operates according to core regulatory principles designed to maintain transparency, integrity, and stability within the licensing framework.
◆ The Charter sets out the guiding principles governing the Authority’s regulatory mandate and supervisory approach. These principles inform all licensing, supervision, and enforcement decisions taken by the Authority.
Transparency
The Authority conducts its regulatory functions openly and publishes its decisions, policies, and enforcement actions. The public register provides visibility over all licensed entities and their current regulatory status. Regulatory requirements and procedures are documented and accessible to applicants, operators, and the public.
Proportionality
Regulatory action is proportionate to the nature, severity, and impact of the matter under consideration. The Authority applies its enforcement powers in a measured manner, taking into account the circumstances of each case and the regulatory objectives at stake. Interventions are no more restrictive than necessary to achieve the desired regulatory outcome.
Consistency
The Authority applies its rules, standards, and procedures uniformly across all licensed entities. Licensing decisions and enforcement actions are based on established criteria and published policies. Operators can expect consistent treatment in the application of regulatory requirements.
Accountability
The Authority is accountable for its regulatory decisions and publishes information on its licensing activity, enforcement actions, and regulatory developments through its annual report and regulatory notices. The Authority’s regulatory conduct is governed by its mandate and subject to the oversight of the Anjouan Offshore Financial Authority.
- Administration of Internet Gaming Licences
- Oversight of compliance with licence conditions
- Maintenance of the public licence registry
- Proportionate regulatory enforcement where necessary
Important
The Authority operates within the scope of its regulatory mandate and does not act as a forum for resolving private commercial disputes between third parties.
The Authority’s mission and regulatory objectives are set out in the Mission & Objectives section.