The Authority’s powers are as follows:

(a) To draft Regulations which are submitted to the Council of Ministers through the competent Minister and are submitted to the House of Representatives;

(b) To draft and issue regulations and directives for the better application of the present Law;

Provided that the said regulations and directives are binding and obligatory as to their application to the persons to which they are addressed and the Authority supervises their application by the Class A or B licensed bookmakers and authorised representatives;

(c) To issue Directives to Class A and B licensed bookmakers and authorised representatives and holders of licenses for premises, to apply preventative measures to combat money laundering, in accordance with the provisions of the Prevention and Suppression of Money Laundering Activities Law, in co-operation with the Advisory Authority for Combating Money Laundering and Terrorist Financing, provided for in the said Law:

Provided that the said Directives are binding and obligatory as to their application to the persons to which they are addressed and the Authority supervises their application by licensed Class A or B bookmakers and the authorised representatives;

(d) To carry out suitable inspections and in general to supervise Class A and Class B bookmakers, licensed authorised representatives and holders of licensed premises in order to ascertain that they are complying with the terms of their respective licences, the provisions of the present Law, the Regulations and the regulations and directives issued under paragraphs (b) and (c);

(e) To examine applications for Class A and B bookmakers licenses, authorised representatives and licences for premises and to issue the respective licenses, in accordance with Parts III and IV;

(f) To carry out inspections on non licensed premises, in co-operation with the competent prosecution authorities and to obtain the relevant judicial orders to close premises of which there are reasonable suspicions that unlawful betting is being carried out, as established in sections 78, 79, 81, 82 and 83;

(g) To determine the procedure for submitting and examining complaints to the Authority or Class A or B licensed bookmaker or authorised representative;

(h) To cooperate and discuss with national organisational authorities and international organisations, in relation to matters for regulating bets;

(i) To cooperate and discuss with international organisations on matters in relation to the protection of young persons and vulnerable groups from betting and applying specific preventative measures and protection;

(j)  To cooperate and deliberate with various organisations and state services, to ensure the correct and effective application of the provisions of the present Law, including the ability to establish advisory committees;

(k) To take views on matters as to compliance with the Law and to notify this position to the interested licensed bookmakers;

(l) To draft and maintain a code of practice in relation to advertising bets, the latest within twelve (12) months from the date the present Law comes into operation;

(m) To evaluate the results of the tax status in relation to bets and to formulate relevant suggestions;

(n) To formulate suggestions in relation to necessary amendments of the existing legislation in relation to betting and relevant sectors;

(o) To draft studies at regular intervals, to deliberate with citizens as to the impact of betting on young persons and vulnerable groups and on the public and to submit suggestions to the competent Services as to the measures to be taken to protect young persons and vulnerable groups and the public;

(p) To compulsorily establish Regulations, within twelve (12) months from the date the present Law comes into operation, in relation to the mechanisms for the protection of young persons and addicted players;

(q) To follow the developments with regard to unlawful betting, to draft statistical studies and to prepare suggestions to combat the same;

(r) To notify internet service providers in an electronic manner as to every internet website address (URL – Uniform Resource Locator) through which betting services are offered which are not covered by a Class A or B licensed bookmaker and/or services prohibited in the present Law and

(s) To collect the contribution paid by Class A or B licensed bookmakers in accordance with the provisions of Part VIII.