XY Legal Solutions, the visionary force behind the Dutch ‘Keurmerk Verantwoorde Affiliates (KVA),’ is expanding its influence with the global launch of the Quality Mark Responsible Affiliates (QMRA). The initiative is set to cover six meticulously regulated markets: Spain, Norway, the UK, Denmark, Germany, and Sweden.
Application Process:
For aspiring affiliates, the application process is streamlined. Prospective candidates can submit their applications, with each website requiring a separate submission via a designated contact form. The QMRA Team meticulously reviews each submission, ensuring compliance with market-specific codes tailored for each region.
QMRA Compliance Codes:
The cornerstone of the QMRA initiative lies in its compliance codes, designed to serve as a distilled guide to the legal landscape in each specified region. These codes not only streamline the affiliate approval process but also provide a comprehensive framework for affiliates to align themselves with evolving regulatory standards.
Membership Fees:
Membership fees for QMRA are set at €695 ($757) per website annually, exclusive of VAT. However, companies operating three or more websites can benefit from a discounted rate of €595. This fee structure is a strategic move to make compliance accessible and incentivize broader industry participation.
Global Expansion Strategy:
The decision to introduce the Quality Mark in these diverse markets is a strategic response to the resounding success of KVA in the Netherlands. The global demand for a standardized affiliate quality mark became evident, prompting XY Legal Solutions to extend its reach and provide a universal benchmark for affiliates worldwide.
Industry Context:
As the iGaming sector faces escalating compliance requirements across regulated markets, affiliates find themselves under increasing pressure to not only meet but also sustain these stringent standards. The QMRA quality mark emerges as a beacon of trustworthiness, symbolizing an affiliate’s unwavering commitment to compliance, thus establishing credibility with operators.
QMRA Compliance Procedures:
Beyond a mere certification, the QMRA compliance procedures offer affiliates a valuable resource for navigating the intricate web of relevant legislation. By providing clear guidelines, QMRA empowers affiliates to understand and adhere to evolving regulatory landscapes, fostering a culture of responsibility and transparency within the iGaming community.
In a rapidly evolving regulatory environment, the introduction of QMRA marks a pivotal moment for affiliates seeking to demonstrate their commitment to compliance. The initiative not only simplifies the application process but also positions itself as a comprehensive guide, offering affiliates the tools to navigate complex regulatory frameworks. As QMRA sets a new standard for responsible affiliates across Europe, it stands as a testament to XY Legal Solutions’ commitment to shaping a trustworthy and compliant iGaming industry.