Mich. Admin. Code R. 432.766 - Records retention
Rule 766.
(1) Each
sports betting operator or sports betting supplier must maintain, in a place
secure from theft, loss, or destruction, adequate records of its business and
accounting operations. A sports betting operator or sports betting supplier
must make the records available to the board, upon request, within a time
provided for by the board. A sports betting operator or sports betting supplier
must hold the records for not less than 5 years. The records must include, but
not be limited to, all of the following:
(a)
All correspondence with, or reports to, the board or any local, state, tribal,
or federal governmental agency.
(b)
All correspondence concerning the business of a sports betting operator or
sports betting supplier.
(2) A sports betting operator or sports
betting supplier must keep and maintain, in a manner and form required by the
board, accurate, complete, and legible records of any books, records, or
documents pertaining to, prepared in, or generated by, the sports betting
operator or sports betting supplier, including but not limited to, all of the
following:
(a) Forms.
(b) Reports.
(c) Accounting records.
(d) Ledgers.
(e) Subsidiary records.
(f) Computer generated data.
(g) Internal audit records.
(h) Correspondence.
(i) Personnel records.
(3) A sports betting operator or sports
betting supplier must organize and index all required records in a manner that
enables the board to locate, inspect, review, and analyze the records with
reasonable ease and efficiency.
(4)
For a sports betting operator that is an Indian tribe, records required to be
maintained under this rule are limited to those records related to the sports
betting operators internet sports betting operations.
Notes
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