Upon the petition of a casino license applicant, the Division may designate the qualification status of, or waive compliance with the qualification requirements of, N.J.S.A. 5:12-85.1c for an officer, director, lender, underwriter, agent, employee or security holder of a holding or intermediary company of a casino licensee pursuant to N.J.S.A. 5:12-85.1c, or for an institutional investor thereof pursuant to N.J.S.A. 5:12-85.1g. Such matters shall be determined in accordance with the provisions of N.J.A.C. 13:69C-5A.
N.J. Admin. Code § 13:69C-5.4