Pari-Mutuel Betting Supervision Regulations (SOR/91-365)

Regulations are current to 2017-11-20 and last amended on 2017-03-02. Previous Versions

 Where an association opens an account for a person, the association shall forthwith

  • (a) assign an account number and an identification code to the account; and

  • (b) inform the account holder of the account number and the identification code assigned to the account.

  •  (1) An association that operates a telephone account betting system shall hold any money deposited into an account as a custodian or depository for the account holder.

  • (2) No association shall accept a telephone account bet unless

    • (a) the account holder provides the telephone account betting system with the correct account number and identification code; and

    • (b) there is sufficient money in the account to cover the bet.

  • (3) Subject to section 118, no association shall permit any money to be withdrawn from an account other than by the account holder or the person acting on his behalf.

  • SOR/2003-218, s. 19;
  • SOR/2011-169, s. 37.
  •  (1) Where an account holder deposits money into an account, the association shall forthwith credit the account with the amount of the deposit.

  • (2) Where an account holder makes a telephone account bet, the association shall forthwith debit the account by the amount of the bet.

  • (3) Where an account holder has made a winning telephone account bet, the association shall credit the amount won to the holder’s account immediately after the posting of the pay-out prices.

  • (4) If an account holder, or the person acting on his behalf, requests a withdrawal from the holder’s account, the association shall give effect to the request within 48 hours.

  • (5) Where an account holder provides the correct telephone betting account number and identification code to a telephone account betting system and requests to be informed of the current balance of the account, an association shall

    • (a) where the request is for an oral statement, provide the requested information forthwith; and

    • (b) where the request is for a written statement of account, issue that written statement of account within 48 hours.

  • (6) An association shall ensure that the statement of account referred to in paragraph (5)(b) contains all data respecting telephone account betting conducted by the account holder for the preceding 21 days.

  • (7) Where the terms of a telephone account betting system provide that an association shall pay interest on the money in an account, the association shall

    • (a) credit the interest as a deposit to the account; and

    • (b) identify the interest separately on the statement referred to in paragraph (5)(b).

  • SOR/2003-218, s. 20;
  • SOR/2011-169, s. 38.
  •  (1) On the request of the account holder, a telephone account betting system shall provide the account holder with the balance in the account.

  • (2) A telephone account bet is made when the bet has

    • (a) been specified to the telephone account betting system by the account holder;

    • (b) been recorded in its entirety; and

    • (c) when requested by the account holder, been verified to that person by the telephone account betting system.

  • (3) [Repealed, SOR/99-55, s. 5]

  • (4) Where a disagreement arises with respect to the making of a telephone account bet, the account holder may request the recording referred to in paragraph (2)(b).

  • (5) [Repealed, SOR/2011-169, s. 39]

  • (6) When an account holder places a telephone account bet orally, it shall be voice-recorded.

  • SOR/99-55, s. 5;
  • SOR/2003-218, s. 21;
  • SOR/2011-169, s. 39.

 An association shall retain all recordings and any written or computer-stored data referred to in subsection 81(2) for no fewer than 35 days and shall make those recordings and data available to an officer on request.

  • SOR/2003-218, s. 22.
  •  (1) A telephone account holder who claims that a statement of account is incorrect shall make the claim to the association within 14 days after the day that the statement is issued.

  • (2) Where a claim is made under subsection (1), no association shall dispose of any recording or any written or computer-stored data related to that account until authorized to do so by an officer.

  • (3) An association shall process any complaint by a telephone account holder respecting telephone account betting pursuant to section 60.

  • SOR/2003-218, s. 23.

 An officer may audit an account at any time.

  • SOR/93-255, s. 3;
  • SOR/2011-169, s. 40.

On-track Account Betting

  •  (1) An association that proposes to conduct on-track account betting shall apply in writing to the Executive Director.

  • (2) The Executive Director shall, in writing, authorize an association to conduct on-track account betting if

    • (a) the association has been issued a permit; and

    • (b) the on-track account betting system has been inspected and authorized by an officer.

  • SOR/99-55, s. 6;
  • SOR/2011-169, s. 41.

 [Repealed, SOR/2011-169, s. 42]

 Where an association opens an account for a person, the association shall forthwith

  • (a) assign an account number and an identification code to the account; and

  • (b) inform the account holder of the account number and the identification code assigned to the account.

  • SOR/99-55, s. 6.
  •  (1) An association that operates an on-track account betting system shall hold any money deposited into an account as a custodian or depository for the account holder.

  • (2) No association shall accept an on-track account bet unless there is sufficient money in the account to cover the bet.

  • (3) Subject to section 118, no association shall permit any money to be withdrawn from an account, other than on presentation by the person making the withdrawal of the correct account number and identification code.

  • SOR/99-55, s. 6;
  • SOR/2003-218, s. 24;
  • SOR/2011-169, s. 43.
  •  (1) Where an account holder deposits money into an account, the association shall forthwith credit the account with the amount deposited.

  • (2) Where an account holder makes an on-track account bet, the association shall forthwith debit the account with the amount bet.

  • (3) Where an account holder has a winning on-track account bet, the association shall credit the account with the amount won immediately after the posting of the pay-out prices.

  • (4) If an account holder, or the person acting on their behalf, requests a withdrawal from the holder’s account, the association shall give effect to the request within 48 hours.

  • (5) Where the on-track account betting system does not automatically generate a written statement of account and an account holder provides the correct account number and identification code to the association and requests to be informed in writing of the current balance of the account, the association shall issue the written statement within 48 hours.

  • (6) An association shall ensure that the statement of account referred to in subsection (5) contains all data respecting the on-track account betting conducted by the account holder for the preceding 21 days.

  • (7) Where the terms of the on-track account betting system provide that an association shall pay interest on the money in an account, the association shall

    • (a) credit the interest as a deposit to the account; and

    • (b) identify the interest separately on the statement of account referred to in subsection (5).

  • SOR/99-55, s. 6;
  • SOR/2017-8, s. 11.
 
Date modified: