|Rule No.||Rule Title|
|Rule Text||(a) An exchange provider may suspend a market at any time, including after the race is declared official but before winning wagers are credited, if the provider has reason to suspect that fraud or any other action or inaction by any natural person connected with the race raises questions about the integrity and fairness of the market.
(b) The provider shall immediately notify the Board by means of electronic mail any time a market is so suspended. Upon settlement of the market the provider shall submit to the Board a written account of the suspension that at a minimum provides the following information:
(1) The market suspended;
(2) The date and time of the suspension;
(3) The reason for suspending the market;
(4) The results of the investigation;
(5) How the market was settled.
(c) Upon the completion of an investigation, the exchange provider shall settle the market as appropriate.
NOTE: Authority cited: Sections 19420, 19440, 19590 and 19604.5, Business and Professions Code. Reference: Sections 19593 and 19604.5(k), Business and Professions Code.
1. New rule filed 8-6-13; effective 8-6-13|