Pennsylvania Code › Title 58 - RECREATION › Part VII - GAMING CONTROL BOARD › Subpart B - Licensing, Permitting, Certification and Registration › Chapter 433a - PRINCIPAL LICENSES › Section 433a.1 - Definitions

Current through Register Vol. 54, No. 28, July 13, 2024
The following words and terms, when used in this chapter,
					 have the following meanings, unless the context clearly indicates
					 otherwise:
Applicant
-A person that has submitted an
					 application to the Board for a slot machine license, manufacturer license,
					 manufacturer designee license, supplier license or management company license.
Director
-A director of a corporation,
					 member of an audit committee or any person performing similar functions with
					 respect to an entity, whether incorporated or unincorporated.
Entity
-A person, other than an
					 individual.
Indirect ownership interest
-An ownership
					 interest in an entity that has a direct ownership interest in an applicant or
					 licensee, or a direct ownership interest in an entity that has an ownership
					 interest in an applicant or licensee through one or more intervening entities.
Individual
-A natural person.
Lending institution
-A person who has been
					 issued a license to lend money by a state or Federal agency or a person who
					 satisfies the definition of "qualified institutional buyer" under
					 17 CFR
					 230.144a (relating to private resales of
					 securities to institutions).
Licensee
-A person that has been issued a
					 slot machine license, manufacturer license, manufacturer designee license,
					 supplier license or management company license.
Officer
-A president, chief executive
					 officer, chief operating officer, secretary, treasurer, principal legal
					 officer, principal compliance officer, principal financial officer, principal
					 accounting officer, chief engineer or technical officer of a manufacturer,
					 senior surveillance and audit executives of a principal affiliate of a slot
					 machine licensee and any person routinely performing corresponding functions
					 with respect to an entity whether incorporated or unincorporated.
Principal affiliate
-An intermediary or
					 holding company of an applicant or licensee.
Principal entity
-An entity that meets the
					 definition of "principal" in section 1103 of the act (relating to definitions)
					 or is otherwise required to be licensed as a principal and is not an
					 intermediary or holding company of an applicant or licensee.
Private investment fund
-An entity that
					 meets the definition of "investment company" under section 3(a)(1) of the
					 Investment Company Act of 1940 (15 U.S.C.A. §
											80a-3(a)(1)), but is
					 otherwise exempt from the definition of "investment company" under section
					 3(c)(7) of the Investment Company Act of 1940.
Registered investment adviser
-An
					 investment adviser registered with the SEC under the Investment Advisers Act of
					 1940 (15 U.S.C.A.
					 §§
											80b-1-80
					 b-21).
Registered investment company
-An
					 investment company registered with the SEC under the Investment Company Act of
					 1940 (15 U.S.C.A.
					 §§
											80a-1-80
					 a-64).
Voting security
-A security or other
					 interest which entitles the owner to vote for the election of:
(i) A director of a corporation.
(ii) A person performing functions similar to
				  a director with respect to an organization, whether incorporated or
				  unincorporated.
The provisions of this § 433a.1 amended under
						4
						Pa.C.S. §§
													1202(b)(9)-(23) and (30),
						1205, 1206(f) and (g), 1207(1) and (2), 1208(1)(iii), 1209(b), 1212, 1213,
						1311.1, 1326, 13A11, 13A12-13A14, 13A15 and 1802 and Chapter
						13.
This section cited in 58 Pa. Code §
												808a.2 (relating to interactive
						gaming principals); and 58 Pa. Code §
												1406a.2 (relating to sports
						wagering principals).