Licensee’s Duty to Report Investigations

PURPOSE: This rule is designed to assure that the commission receives timely information that may impact on an applicant’s or licensee’s suitability. (1) In addition to all other reporting requirements, supplier license applicants or licensees and Class A license applicants and licensees shall notify the commission within fifteen (15) days after receiving notification that any of the following persons has received a subpoena; or is the target of, has been disciplined by, or has been charged in connection with an investigation by a regulatory, administrative or prosecutorial agency of a violation of a rule, regulation or statute relating to licensed gambling, Securities and Exchange Commission (SEC) regulations or criminal offenses: (A) The applicant or licensee; (B) The applicant’s or licensee’s parent corporation; (C) Any subsidiary of the applicant’s or licensee’s parent corporation; (D) The applicant’s or licensee’s officers, management personnel, or key persons; (E) Any officer, management personnel, key person of the applicant’s or licensee’s parent corporation; or (F) Any officer, management personnel, key person of any subsidiary of the applicant’s or licensee’s parent corporation. AUTHORITY: section 313.085, RSMo 1994.* Original rule filed March 18, 1996, effective Oct. 30, 1996. Amended: Filed May 13, 1998, effective Oct. 30, 1998. *Original authority: 331.085, RSMo 1986, amended 1993, 1994.