N.J. Admin. Code § 13:74C-6.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:74C-6.1 - Persons required to have licenses

(a) The exchange wagering licensee shall be licensed in accordance with the Act and this chapter. Any appeal of a final decision on such a license application, or renewal license application, shall be to the Superior Court of New Jersey, Appellate Division.

(b) A successor in interest, to whom an initial exchange wagering license or renewed exchange wagering license is to be transferred or assigned, shall be licensed in the same capacity, and at the same license application filing fee cost, as the holder of the license subject of the transfer or assignment, in accordance with N.J.A.C. 13:74C-2.2 and 3.1.

(c) All employees of the exchange wagering licensee who perform duties in connection with the exchange wagering system, including those with supervisory or oversight responsibilities regardless of location, shall take out an exchange wagering identification license at an annual fee of $ 25.00.

(d) A person or entity who is the subject of a written agreement, pursuant to N.J.A.C. 13:74C-3.2, shall be licensed as an exchange management agent or exchange services agent, as determined by the Commission, at an annual fee of $ 50.00.

(e) All employees of an exchange management agent or exchange services agent, including those with supervisory or oversight responsibilities regardless of location, shall take out an exchange wagering identification license at an annual fee of $ 25.00.

(f) Unless the Commission or Commission Executive Director determines the issuance of a license to be unnecessary, following the filing of a petition of a prospective applicant for an exemption from the exchange wagering vendor license requirements of this subsection and in consideration of the nature of the service provided and volume of business to be conducted, the following vendors shall be required to take out a license from the Commission: any vendor who maintains an on-site presence at the premises of either the exchange wagering licensee, any exchange management agent, or any exchange services agent and any vendor who supplies racing-related or exchange-wagering-system-related wagering equipment, supplies, information, or data to the exchange wagering licensee, any exchange management agent, or any exchange services agent, in connection with the exchange wagering system. The annual fee for such exchange wagering vendor license shall be $ 50.00.

(g) The Commission shall have the discretion to require, based upon the nature of service provided or volume of business, that any other vendor to the exchange wagering licensee, or in connection with the exchange wagering system, take out an exchange wagering vendor license for the requisite $ 50.00 annual fee. The exchange wagering licensee, any exchange management agent, and any exchange services agent, by March 15 of each year, shall each file with the Commission a report identifying the name of each non-licensed vendor with whom it did business in an aggregate amount of $ 10,000, or more, for the preceding calendar year, the nature of the vendor's business, the principal address and telephone number of the vendor, and whether or not the business relationship is continuing in nature.

(h) An individual or vendor, who is licensed by the Commission pursuant to N.J.A.C. 13:70, 71, 72, or 74 and who is 18 years of age or older, shall not be required to take out a license pursuant to this chapter, where the job responsibilities for which the license was issued by the Commission are substantially similar to those that are to be performed pursuant to this chapter, as determined by the Commission Executive Director. However, such a vendor or individual must first have his or her license properly endorsed by the Commission at no charge, and is also subject to all other requirements of this chapter consistent with the license endorsement.

(i) An individual or vendor, who is licensed by the Commission pursuant to this chapter, shall not be required to take out a license pursuant to N.J.A.C. 13:70, 71, 72, or 74, where the job responsibilities for which the license pursuant to this chapter was issued are substantially similar to those that are to be performed pursuant to N.J.A.C. 13:70, 71, 72, or 74, as determined by the Commission Executive Director. However, such a vendor or individual must first have his or her license properly endorsed by the Commission at no charge, and is also subject to all other requirements at N.J.A.C. 13:70, 71, 72, or 74, consistent with the license endorsement.

N.J. Admin. Code § 13:74C-6.1

Adopted by 47 N.J.R. 807(b), effective 4/20/2015.

Adopted by 56 N.J.R. 413(a), effective 3/18/2024