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Pari-Mutuel Betting Supervision Regulations

Version of section 79 from 2006-03-22 to 2011-08-18:

  •  (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 person making the bet provides the telephone account betting system with the correct account number and identification code and the amount of the bet; 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  • (3) Subject to section 118, no association shall permit any money to be withdrawn from an account other than by the account holder or the account holder’s legal representative.

  • SOR/2003-218, s. 19

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