Mich. Admin. Code R. 432.763a - Amendments to internal controls
Rule 763a. Unless otherwise provided by the board, all of the following provisions apply to amendments to the internal control procedures:
(a) Amendments to any
portion of the internal control procedures must be submitted to the board for
approval. If within 30 days the board has not approved, denied, or otherwise
provided written notice, a sports betting operator or internet sports betting
platform provider, or both, may implement the amended internal controls as
submitted with the board retaining its authority to require further amendment,
approval, or denial.
(b) The board
may, in writing, approve, deny, or require a revision to the amendment to the
internal control procedures. If the sports betting operator or sports betting
platform provider is notified of a required revision, the sports betting
operator or internet sports betting platform provider must work with the board
to address the revision.
(c) If the
board requests additional information, clarification, or revision of an
amendment to an internal control and the sports betting operator or internet
sports betting platform provider, or both, fail to satisfy the request within
30 days after the board request, the board shall consider the amendment denied
and it cannot be implemented or, if previously implemented under subdivision
(a) of this rule, the sports betting operator or internet sports betting
platform provider has 15 days to cease implementation of that amendment. If the
sports betting operator or internet sports betting platform provider
subsequently wants to pursue the amendment, it must resubmit the request along
with the additional information previously requested by the board.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.