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Can you summarize OHAC Chapter 3772-3?
Ohio Casino Control Commission > Institutional Investors and Records Retention
Short Summary
This legal document governs the duty of institutional investors to update the Ohio Casino Control Commission regarding certain changes or occurrences that may impact their suitability or qualifications as an institutional investor. Institutional investors are required to notify the commission within ten calendar days of any increase in their percentage ownership of securities or intent to exercise influence over the affairs of a casino operator, management company, holding company, or gaming-related vendor. They must also report changes to their name, state of incorporation, or principal place of business. Additionally, institutional investors are obligated to inform the commission of any inquiry, investigation, or action filed against them by gaming regulatory agencies or other governmental agencies, except for routine renewal reviews. They must also disclose any rejection, suspension, revocation, or denial of any institutional investor process by gaming regulatory agencies, as well as any fines, penalties, or settled amounts related to institutional processes or gaming-related licenses imposed upon or agreed to by the entity in any jurisdiction. Furthermore, institutional investors must disclose any other information that would affect their suitability or qualifications as an institutional investor under Chapter 3772 of the Revised Code and the rules adopted thereunder. The document does not specify any exemptions or penalties for non-compliance. Last updated on January 3, 2022, at 10:41 AM.
Whom does it apply to?
Institutional investors in casino operators, management companies, holding companies, and gaming-related vendors.
What does it govern?
The duty of institutional investors to update the Ohio Casino Control Commission regarding certain changes or occurrences that may impact their suitability or qualifications as an institutional investor.
What are exemptions?
No specific exemptions are mentioned in the document.
What are the Penalties?
No specific penalties are mentioned in the document.
Jurisdiction
Ohio