NY Rac, Pari-Mut Wag & Breeding L § 1403 (2021)
2021 New York Laws PML - Racing, Pari-Mutuel Wagering and Breeding Law Article 14 - Interactive Fantasy Sports 1403 - Scope of Registration Review.

§  1403.  Scope  of  registration  review.  1.  The  commission  shall prescribe the initial form of the  application  for  registration  which shall require, but not be limited to:  (a) the full name and principal address of the operator;  (b)  if a corporation, the name of the state in which incorporated and the  full  names  and  addresses  of  any  partner,  officer,  director, shareholder  holding  ten percent or more equity, and ultimate equitable owners;  (c) if a business entity other than a corporation, the full names  and addresses of the principals, partners, shareholders holding five percent or more equity, and ultimate equitable owners;  (d)  whether  such corporation or entity files information and reports with the United States Securities and Exchange Commission as required by section thirteen of the Securities Exchange Act of 1934,  15  U.S.C.  §§ 78a-78kk;  or  whether  the  securities of the corporation or entity are regularly traded on an  established  securities  market  in  the  United States;  (e)  the  type  and  estimated  number  of  contests  to  be conducted annually;  (f) a statement of the assets and liabilities of the operator.   2. The commission may require the full  names  and  addresses  of  the officers  and  directors  of  any creditor of the operator, and of those stockholders who hold  more  than  ten  percent  of  the  stock  of  the creditor.   3. Upon receipt of an application for registration for each individual listed  on  such  application  as an officer or director, the commission shall submit to the division of  criminal  justice  services  a  set  of fingerprints,  and  the division of criminal justice services processing fee imposed pursuant to subdivision eight-a  of  section  eight  hundred thirty-seven  of  the  executive  law and any fee imposed by the federal bureau of investigation. Upon receipt of the fingerprints, the  division of  criminal  justice  services  shall  promptly  forward  a  set of the individual's fingerprints to the federal bureau of investigation for the purpose of a nationwide  criminal  history  record  check  to  determine whether  such individual has been convicted of a criminal offense in any state other than New York or in a federal jurisdiction. The division  of criminal  justice services shall promptly provide the requested criminal history information to the commission. For the purposes of this section, the term "criminal history information"  shall  mean  a  record  of  all convictions  of crimes and any pending criminal charges maintained on an individual by the division of criminal justice services and the  federal bureau  of  investigation. All such criminal history information sent to the commission pursuant to this subdivision shall  be  confidential  and shall not be published or in any way disclosed to persons other than the commission, unless otherwise authorized by law.   4.   Upon   receipt   of  criminal  history  information  pursuant  to subdivision  three  of  this  section,  the  commission  shall  make   a determination  to  approve  or  deny  an  application  for registration; provided,  however,  that  before  making  a   determination   on   such application, the commission shall provide the subject of the record with a  copy  of  such  criminal  history  information  and a copy of article twenty-three-A  of  the  correction  law  and  inform  such  prospective applicant  seeking  to  be  credentialed  of  his  or  her right to seek correction of any  incorrect  information  contained  in  such  criminal history   information   pursuant   to  the  regulations  and  procedures established by the division of criminal justice services. The commission shall deny any application  for  registration,  or  suspend,  refuse  to renew,  or  revoke  any  existing  registration  issued pursuant to this  article, upon the finding  that  the  operator  or  registrant,  or  any partner, officer, director, or shareholder:  (a)  has  knowingly  made  a  false  statement of material fact or has deliberately  failed  to  disclose  any  information  required  by   the commission;  (b)  has  had  a  registration or license to offer or conduct contests denied, suspended, or revoked in any other state  or  country  for  just cause;  (c) has legally defaulted in the payment of any obligation or debt due to any state or political subdivision; or  (d)  has  at  any time knowingly failed to comply with any requirement outlined in section fourteen hundred four of  this  article,  any  other provision of this article, any regulations promulgated by the commission or any additional requirements of the commission.   5.  All  determinations  to approve or deny an application pursuant to this article shall be performed in a manner consistent with  subdivision sixteen  of  section  two  hundred  ninety-six  of the executive law and article twenty-three-A of the correction law. When the commission denies an application, the operator shall be afforded notice and the  right  to be  heard  and  offer  proof  in  opposition  to  such  determination in accordance with the regulations of the commission.