New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 74C - EXCHANGE WAGERING › Subchapter 6 - LICENSING; PENALTIES FOR VIOLATIONS; HEARING PROCESS › Section 13:74C-6.1 - Persons required to have licenses

Current through Register Vol. 56, No. 14, July 15, 2024
(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.