Rule 3772-3-04 | Rescission of designation as an institutional investor.
The commission may rescind any institutional investor designation if:
(A) The institutional investor exercises or intends to exercise influence over the affairs of the casino operator, management company, holding company, or gaming-related vendor.
(B) Upon rescission of a designation as an institutional investor, an entity must submit information required by the commission within thirty days and undergo a suitability background evaluation.
(C) This rule does not preclude the commission from investigating the suitability or qualifications of an institutional investor if the commission becomes aware of facts or information that may result in the institutional investor being found unsuitable or disqualified as an institutional investor.
Last updated January 3, 2022 at 10:41 AM
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