11. (1) Every person who intends to hold a professional contest or exhibition shall, (a)  at least 14 days before the date of the contest or exhibition, submit to the Commissioner a money order or a certified cheque payable to each participant as the purse for participating in the contest or exhibition; (a.1)  at least 21 days before the date of the contest or exhibition, deposit with the Commissioner as security, (i)  cash or a certified cheque payable to the Commissioner in the amount equal to the total of the fees payable to officials appointed for the contest or exhibition, (ii)  payment, in the form described in subsection (3) and in favour of the Commissioner, of the amount of the cost estimated by the Commissioner of the examination and tests described in section 20, (iii)  if the ring is provided by the Commissioner, cash or a certified cheque payable to the Commissioner in the amount equal to the costs estimated by the Commissioner of providing the ring, and (iv)  a deposit of $2,000, in the form described in subsection (3) and in favour of the Commissioner, towards the amount payable to the Minister under subsection 5 (1) of the Act; (b)  at least twenty-one days before the date of the contest or exhibition, deliver to the Commissioner contracts of the participants in the main bout; and (c)  at least three days before the date of the contest or exhibition, deliver to the Commissioner contracts of the participants in the bouts other than the main bout.  R.R.O. 1990, Reg. 52, s. 11 (1); O. Reg. 78/10, s. 4 (1); O. Reg. 465/10, s. 9 (1-3). (2) A person who is not a resident of Ontario who intends to hold a professional contest or exhibition shall, in addition to the security required under subsection (1), post a performance bond in an amount considered to be appropriate by the Commissioner having regard to any refund that may be due to the public in the event of non-performance of the contest or exhibition or non-payment of the amount payable under subsection 5 (1) of the Act.  R.R.O. 1990, Reg. 52, s. 11 (2); O. Reg. 78/10, s. 4 (2); O. Reg. 465/10, s. 9 (4). (3) The payment or deposit described in subclause (1) (a.1) (ii) or (iv) shall be in the form of, (a)  cash or a certified cheque; (b)  a bond issued or guaranteed by the Government of Canada or Ontario, payable to bearer; or (c)  if the person is unable to provide the payment or deposit in a form described in clause (a) or (b), an irrevocable letter of credit from a bank listed in Schedule I or II to the Bank Act (Canada) or a credit union within the meaning of the Credit Unions and Caisses Populaires Act, 2020. O. Reg. 78/10, s. 4 (3); O. Reg. 587/17, s. 1; O. Reg. 140/22, s. 1. (4) Where a professional contest or exhibition has been held and all of the requirements of the Act and this Regulation have not been complied with, the security described in clause (1) (a.1) that relates to the contest or exhibition is forfeited.  O. Reg. 78/10, s. 4 (3); O. Reg. 465/10, s. 9 (4). (5) Where a security is forfeited and is not in the form of money, the Commissioner shall sell the security within ten days of the forfeiture.  R.R.O. 1990, Reg. 52, s. 11 (5). (6) Where a security is forfeited, the Commissioner shall, (a)  use all or part of it to pay the amount owing under subsection 5 (1) of the Act, if the amount owing under that subsection of the Act has not been paid, and to make the payments described in subclauses (1) (a.1) (i), (ii) and (iii); and (b)  refund any balance to the holder of the licence.  O. Reg. 78/10, s. 4 (4). (7) Where there is insufficient security to pay the amount payable under subsection 5 (1) of the Act and the amounts described in subclauses (1) (a.1) (i), (ii) and (iii), the Commissioner shall apply the money obtained from the forfeiture of the security to make the following payments in the following order: 1.  The amount owing as fees to officials on a proportionate basis. 2.  The costs of the examination and tests described in section 20 on a proportionate basis. 3.  If applicable, the cost of providing the ring on a proportionate basis. 4.  The amount payable under subsection 5 (1) of the Act.  O. Reg. 78/10, s. 4 (4). (8) Upon request, the Commissioner may return the security deposited under clause (1) (a.1) to the person who deposited it if, (a)  the professional contest or exhibition to which the security relates has been held and all of the requirements of the Act and this Regulation have been complied with; or (b)  the person indicates to the Commissioner that the professional contest or exhibition to which the security relates will not be held.  O. Reg. 78/10, s. 4 (4); O. Reg. 465/10, s. 9 (4). (9) Every person who intends to participate in a professional contest or exhibition shall, before participating in a bout, pay to the Minister of Finance a fee of $25 to cover the costs of processing the examination and tests required under section 20.  R.R.O. 1990, Reg. 52, s. 11 (9); O. Reg. 465/10, s. 9 (4).