R 432.552
R 432.552 Emergency procedures.
Cite as Mich. Admin. Code R 432.552
Rule 552. (1) In the event of an emergency, a fantasy contest operator or licensed
management company may temporarily amend its procedures and internal controls. The
board must be notified that an emergency exists before temporarily amending the
procedures and internal controls.
(2) A fantasy contest operator or licensed management company must submit the
temporary emergency amendment of the procedures and internal controls to the board
within 3 days of the amendment. The submission must include the detailed emergency
procedures that were or will be implemented and the time period the emergency procedures
were or will be temporarily in place. Any concerns the board has with the submission must
be addressed by the fantasy contest operator or licensed management company.
(3) As soon as the circumstances necessitating the emergency amendment to the
procedures and internal controls abate, the fantasy contest operator or licensed
management company must resume compliance with the procedures and internal controls
that were approved by the board or otherwise allowed to be implemented in accordance
with these rules.