Kansspelautoriteit (KSA), the Dutch gambling regulator, has released its draft licensing conditions under the new Remote Gambling Act.
The licensing process will start with operators completing a form, available via the KSA website. They will be required to detail the verticals they wish to be licensed for and outline policies relating to various player protection measures.
For example, operators must explain how they will avoid aggressive or misleading advertising, their addiction prevention policies and details of their KYC procedures.
The KSA will require operators to keep player funds separate from general operating funds and to be able to explain how they intend to do this. They also need to be able to give details of the payment methods they accept.
Potential licensees are required to supply an audited account statement from the last 30 days, as well as a €50,000 (£44,700/$57,600) security payment.
Use of any third-party suppliers must be disclosed, along with a risk-assessment and details of the outsourcing policy.
Licensees are also required to be signed up to country’s self-exclusion tool Centraal Register Uitsluiting Kansspelen (Cruks).
The Remote Gambling Act will come into force on 1 March 2021, at which point operators can begin applying for licenses. The online gambling market is then planned to launch 1 September.
Potential applicants will be able to take part in feasibility tests with the regulator up until mid-January, when final versions of the policy rules and model permits will be published.
The regulator said that licensees would be granted providing operators had not offered online games in the Netherlands in the last 32 months and there were “no other reasons to doubt reliability”.
The KSA is in the process of consulting on its new player protection rules, including a ban on offering timed bonuses and the requirement for operators to conduct a risk analysis of all their games.
The consultation is open for responses until 9 November and the results will be used to inform the final regulations.