Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 06 - Racing Commission
Rule 006.06.19-024 - CGR 24 Off-Track Pari-Mutuel Horse Race Account Wagering
Universal Citation: AR Admin Rules 006.06.19-024
Current through Register Vol. 49, No. 9, September, 2024
24.005 Scope. These Rules govern all off-track pari-mutuel horse race account wagering in Arkansas for which a license or approval has been granted by the Commission pursuant to Amendment 100. No wagers may be accepted from persons not physically present on the premises of the Licensee, franchise holder or book unless the wager is made pursuant to Ark. Code Ann. § 23-110-405(e)(1) or Ark. Code Ann. § 23-111-508(e)(1).
24.010 Definitions. As used in this Rule:
1. "Account wagering system" means
a system of wagering using telephone, computer or other method of wagering
communication as approved by the Commission, whose components shall be located
in this State. The components shall include, but not be limited to, the systems
operator, permanent information databases, system monitoring equipment,
writers, and patron service representatives.
2. "Book" or "race book" means a business
that accepts wagers on horse or other animal races. A casino licensee that is
also a franchise holder may elect to have its race book operations relating to
pari-mutuel wagering on horse and greyhound racing regulated and governed by
the Arkansas Horse Racing Law at Ark. Code Ann. §
23-110-101, et
seq., or the Arkansas Greyhound Racing Law at Ark. Code Ann. §
23-111-101, et
seq., respectively, and rules promulgated by the Commission thereunder and not
by these Rules.
3. "Call center
system" means a computerized system, or a component of such a system, that is
used to receive and transmit pari-mutuel race wagering instructions from a
patron to a person licensed to accept off-track pari-mutuel race wagers. The
call center system is located within Arkansas but off the premises of a
licensed gaming establishment or any affiliated licensed gaming
establishment.
4. "Central site
book" means a book which, for the purpose of wagering communications, may allow
other licensed affiliated books to establish wagering or credit accounts,
accept deposits on accounts and return funds or close out accounts for the
central site. Such other licensed books:
(a)
Must be outstation or satellite books of the central site, as defined in this
Rule, or must be affiliates of the central site; and
(b) Must have on-line, real-time access to
the appropriate functions of the central site's off-track pari-mutuel race
system.
5. "Commission"
means the Arkansas Racing Commission or the Commission's designee.
6. "Communications technology" means the
methods used and the components employed to facilitate the transmission of
information including, but not limited to, transmission and reception systems
based on wire, cable, radio, microwave, light, optics, or computer data
networks. The Internet is a Communications technology only for the purposes of
off-track pari-mutuel race wagering.
7. "Internet" means the international
computer network of both Federal and non-Federal interoperable packet switched
data networks.
8. "Key employee"
means an employee in any of the classes described in these Rules.
9. "Messenger bettor" means a person who
places a wager for the benefit of another for compensation.
10. "Operator of a call center" means a
person who, as an agent of a licensed Arkansas pari-mutuel race book, engages
in the business of operating a call center system as a means of providing
patron services to assist a patron located in a state or foreign jurisdiction
where such wagering is legal, to convey pari-mutuel horse race wagering
instructions to one or more licensed Arkansas pari-mutuel race books. A
Arkansas pari-mutuel race book operating a call center on the premises of their
gaming establishment or any affiliated licensed gaming establishment, with
participation limited to affiliated licensed gaming establishments, is not an
operator of a call center.
11.
"Outstation book" means a book, other than a satellite book, that shares the
off-track pari-mutuel race system and certain management or administrative
functions of a book operated by an affiliated licensee.
12. "Post time" means, unless an earlier time
is required by regulation in the state where the race is run, the time when the
race is started by, as applicable, the opening of the gates and/or box, the
starting gate car begins to close its arms, or such other method used by the
track and administratively approved by the Commission.
13. "Satellite book" means a book that has
been licensed.
14. "Secure personal
identification" means a secure personal identification as that term is defined
in these Rules.
15. "Wagering
account" means a wagering account as that term is defined in these
Rules.
16. "Wagering communication"
means the transmission of a wager between a point of origin and a point of
reception by aid of a communications technology.
17. "Wagering instructions" means the
instructions given to an operator of a call center by a patron who maintains a
wagering account at a book to effect a wagering communication to the
book.
24.020 License required; applications.
1. No person may operate or own any interest
in a race book in Arkansas unless that person holds a Casino gaming license
specifically permitting the person to do so.
24.030 Finding of suitability required to operate a call center; applications.
1. A person shall not function as the
operator of a call center unless the person has been found suitable pursuant to
these Rules.
2. Applications for a
finding of suitability to function as the operator of a call center must be
made, processed, and determined using such forms as the Commission may require
or approve.
24.040 Registration of managers or supervisors.
1. Any individual who fulfills the function
of race book manager or supervisor or who fulfills the function of a manager or
supervisor for an operator of a call center must register with the Commission.
Such registration must be made on a form provided by the Commission and shall
include the individual's:
(a) Full legal name
and any aliases, nicknames, maiden name and any other change, legal or
otherwise;
(b) Social security
number and current driver's license number;
(c) Date and place of birth;
(d) History of residence for the past 5
years;
(e) History of employment
for the past 10 years;
(f) Complete
history of arrests, detentions, or litigations including any which have been
sealed or expunged by court order;
(g) Consent to a full licensing
investigation, subject to the provisions of this Rule, by the Commission;
and
(h) Such other information as
required by the Commission.
2. Licensed key employees or key employees in
applicant status are not required to register pursuant to this
section.
3. Individuals required to
register must file within 30 days of assuming such duties.
4. After reviewing the registration forms,
the Commission may request that the individual file a completed application
form. Individuals who object to the request for submission of a completed
application form and commencement of a full licensing investigation by the
Commission may appeal the administrative decision to the full Commission in a
manner similar to that outlined in these Rules.
5. The requirements of this section do not
apply to satellite books.
24.045 Employees of an operator of a call center. Any employee of an operator of a call center who fulfills the function of receiving and transmitting wagering instructions and any employee supervising this function is a gaming employee as defined in these Rules.
24.050 Reserve requirements.
1. Notwithstanding the
minimum reserve requirements established for wagering accounts pursuant to
these Rules, each book shall comply with the following to calculate the minimum
reserve requirements:
(a) Each book shall at
all times maintain a reserve of not less than the greater of $25,000 or the sum
of the following amounts:
(1) Amounts held by
the book for the account of patrons;
(2) Amounts accepted by the book as wagers on
contingencies whose outcomes have not been determined; and
(3) Amounts due the patron on wagers whose
outcomes have been determined but that have not been posted to the patron's
wagering account.
(b)
Before beginning operations, each newly-licensed book must establish a reserve
of at least the greater of $25,000 or the amount the Commission projects will
at least equal the sum of the amounts specified in these Rules at the end of
the first week of the book's operation. After the book begins operations, the
book's reserve must comply with these Rules.
2. The reserve described in these Rules may
be combined as a single amount for a book and its satellite books.
3. The reserve described in subsection 1 may
be combined as a single amount with the reserve described in these
Rules.
24.060 Recordation of wagers.Immediately upon accepting an account wager, the book shall create an electronic record of the terms of the wager in the off-track pari-mutuel race system.
24.070 Acceptance of wagers.
1. Books may not accept wagers unless made
against credits made to a wagering account as provided for in these Rules or on
credit extended in accordance with the Rules of the Commission.
2. A book shall accept wagers only on its
licensed premises, and only at betting stations approved by the Commission or
through an account wagering system that has been approved by the
Commission.
3. A book shall not
knowingly accept money or its equivalent ostensibly as a wager upon an event
whose outcome has already been determined.
4. No book or agent or employee of a book may
accept a wager from a person who the book, agent, or employee knows or
reasonably should know is a messenger bettor or is placing the wager in
violation of state or federal law.
5. No book may hold a patron's money or its
equivalent on the understanding that the book will accept the money as a wager
only upon the occurrence of a specified, future contingency, unless an
electronic record documenting the wager and contingency is immediately made in
the off-track pari-mutuel race system.
24.072 Imposition of supplemental recordkeeping and reporting requirements. The Commission may require a book to comply with the identification, recordkeeping, and reporting requirements of these Rules for inter-state pari-mutuel horse race account wagers. The Commission shall notify the book of the decision, in writing, and such decision shall be considered an administrative decision, and therefore reviewable pursuant to the procedures set forth in these Rules.
24.080 Payment of winning wagers. In the event the off-track pari-mutuel system is not functioning, a licensed race book shall determine the winners of or payouts on wagers on horse races in accordance with the provisions of these Rules.
24.090 Off-track pari-mutuel race systems. Before beginning operations, each book shall install and thereafter maintain an off-track pari-mutuel race system meeting the specifications approved by the Commission.
24.100 Layoff bets. A book may place or accept wagers from another book if the accepting book does not have common control (as defined in these Rules) with the placing book. A book that is permitted to place a layoff wager shall inform the book accepting the wager that the wager is being placed by a book and shall disclose its identity.
24.110 Prohibition against rescission of wagers. A book may not unilaterally rescind any wager without the prior written approval of the Commission.
24.120 Prohibited wagers. No wagers may be accepted or paid by any pari-mutuel race book on any event other than a horse race that is offered as part of a pari-mutuel pool.
24.130 Wagers; terms and conditions. No book shall:
1. Accept
from a patron, directly or indirectly, less than the full face value of an
off-track pari-mutuel wager;
2.
Agree to refund or rebate to a patron any portion or percentage of the full
face value of an off-track pari-mutuel wager; or
3. Increase the payoff of, or pay a bonus on,
a winning off-track pari-mutuel wager.
The provisions of this section do not prohibit the granting of room, food, beverage or entertainment admission complimentaries.
24.140 Communications technology.
1.
Before installing or permitting the installation of any communications
technology on the premises of a book or a call center, the book or the call
center shall notify the Commission in writing of the location and number or
other identifier of each communications technology and shall obtain the written
approval of the Commission for each communications technology. The Commission
may condition the approval in any manner the Commission considers
appropriate.
2. Before a book
accepts any wagering communications, and before a call center accepts any
wagering instructions, the book and the call center must obtain the written
approval of the Commission to accept such wagering communications and wagering
instructions, and thereafter use only the communications technology approved
for that purpose. The book or the call center must obtain written permission
from the Commission by March 1st of each calendar year to continue using the
communications technology.
3. As a
condition to the granting of the privilege of having communications technology
upon the licensed premises, the book and the call center shall be deemed to
have consented to the authority of the Commission to require the immediate
removal of any communications technology from the licensed premises at any time
without prior notice of hearing. After any such removal, the book or the call
center may request a hearing before the Commission as to whether or not
circumstances may warrant the permanent revocation of the privilege of having
communications technology upon the premises.
4. Upon the request of either the Commission,
a book or a call center shall provide a written consent for the Commission to
examine and copy the records of any telephone, telegraph, or other
communications company or utility that pertain to the operation of the book or
the call center.
5. A call center
system is associated equipment requiring approval pursuant to these
Rules.
6. A book receiving wagering
instructions from a call center system shall comply with the requirements of
these Rules prior to the use of this system.
7. Nothing herein prohibits the use of the
Internet for the purposes of establishing wagering accounts or transacting
wagering account deposits and withdrawals.
24.150 Use of an operator of a call center.
1. A licensed Arkansas
pari-mutuel race book shall not utilize an operator of a call center unless the
operator of the call center has been found suitable by the
Commission.
2. The call center
system, or a component of such a system, will record patron instructions
received and transmitted to a licensed Arkansas pari-mutuel race book and the
date/time instructions are received from a patron for:
(a) Pari-mutuel horse race wagers to be
placed; and
(b) Any other
pari-mutuel horse race wagering instructions as may be approved by the
Commission.
3. The
operator of a call center performs such patron services as:
(a) Receiving pari-mutuel horse race wagering
instructions from a patron and performing procedures to provide reasonable
assurance that the patron is located within the borders of a state or foreign
jurisdiction in which pari-mutuel horse race wagering is legal, and that the
state or foreign jurisdiction does not otherwise restrict wagering on accounts
located outside its borders prior to accepting a wagering communication.
Reasonable assurance of patron location includes, but is not limited to, an
inquiry process through electronic or voice-only means in which patrons affirm
their physical location at the time of each wagering communication. A recording
of the inquiry process with the patron shall be retained for a period of 60
days;
(b) Providing help desk
responses to patrons and the general public concerning pari-mutuel horse race
wagers at a licensed Arkansas pari-mutuel race book; and
(c) Such other patron services as may be
approved by the Commission.
4. In addition to the posting of the wager in
the off-track pari-mutuel race system by the Arkansas pari-mutuel race book,
all wagering instructions shall be electronically recorded and retained for a
period of 60 days. The method of recording the wagering instructions must be
approved by the Commission. Such recordings must be made immediately available
to any Commission agent upon request.
5. The operator of a call center shall allow
the members of the Commission, their agents and employees to immediately
inspect and examine the premises and immediately inspect, examine, photocopy,
and examine all papers, books, and records, on the premises, or elsewhere as
practicable.
6. The operator of a
call center shall operate in compliance with all applicable provisions of this
Rule.
7. The licensed Arkansas
pari-mutuel race book shall maintain responsibility for any operator of a call
center, used by the book, to operate in compliance with all state and federal
laws and regulations, as applicable.
8. Violation of any applicable law or Rule by
an operator of a call center constitutes reasonable cause for disciplinary
action.
24.160 Wagering communications; establishing patron wagering accounts for pari-mutuel race wagering.
1. Each
Casino licensee that accepts wagering communications shall establish and
implement pursuant to these Rules a system of internal control for such
transactions, and comply with both its system of internal control and the
minimum internal control standards contained in these Rules. Each Licensee that
accepts wagering communications shall comply with the internal control
procedures contained in these Rules.
2. Each book shall prepare a written
description of its house rules and procedures for wagering communications, and
shall make a copy available to each patron for whom a wagering account is
established. Prior to adopting or amending such house rules, a book shall
submit such rules to the Commission for approval.
3. A race book licensed to accept off-track
pari-mutuel horse race wagers may establish wagering accounts for residents of
Arkansas and residents of any state or foreign jurisdiction in accordance with
these Rules. Patrons having established a wagering account may place off-track
pari-mutuel horse race wagers from within Arkansas or from other states or
foreign jurisdictions in which pari-mutuel horse race wagering is legal
provided that the state or foreign jurisdiction does not otherwise restrict
wagering on accounts located outside its borders. Before a race book accepts a
wagering communication, or a call center accepts a wagering instruction, on an
off-track pari-mutuel horse race, the following must occur:
(a) A race book must register the patron and
create a wagering account for the patron in accordance with these Rules, except
that a race book may confirm the patron's identity remotely if the wagering
account is used solely to place off-track pari-mutuel horse race
wagers.
(b) A race book shall
confirm that the state or foreign jurisdiction in which the patron resides is a
jurisdiction in which off-track pari-mutuel horse race wagering is legal, and
that the state or foreign jurisdiction does not otherwise restrict wagering on
accounts located outside its borders, prior to the book accepting wagers on
such accounts. The race book shall maintain a record of such
confirmation.
(c) The race book
must have the patron affirm that the patron has been informed and acknowledges
that, with regard to off-track pari-mutuel horse race wagers, the book may
accept such wagers from patrons only when the patron is located within Arkansas
or other states or foreign jurisdictions in which pari-mutuel horse race
wagering is legal and such wagering on accounts located outside its borders is
not otherwise restricted.
(d)
Notwithstanding the requirements of these Rules, for a business entity patron,
the patron must provide an employee of the book, and the book must record and
maintain, the following information before the book registers and creates a
wagering account for the patron.
iv. The name,
residential address, copy of a valid photo identification which evidences that
the person is at least 21 years of age, and social security number or
individual taxpayer identification number, of each of the business entity's
equity owners, holders of indebtedness, directors, officers, managers and
partners, anyone entitled to payments based on the profits or revenues and any
designated individuals;
v. The
business entity's formation documents and all filings with the Secretary of
State;
vi. Any other documentation
or information the Commission may require; and
vii. Any other documentation or information
the race book or sports pool may require.
(e) The employee must record such
information. Unless a book has otherwise been granted approval by the
Commission pursuant to these Rules, the information required by this subsection
shall be provided by the patron to an employee of the book at the premises of
the book or, for central site books, at an outstation, satellite or affiliated
book;
4. In addition to
the posting of the wager in the off-track pari-mutuel race system, all wagering
communications shall be electronically recorded and retained for a period of 60
days. The method of recording the wager must be approved by the Commission.
Such recordings must be made immediately available to any Commission agent upon
request.
5. All wagering account
applications or amendments thereto for active accounts must be retained by the
book. All wagering account applications or amendments thereto for rejected
applications shall be retained by the book for no less than one year following
the rejection of the related application. All wagering account applications or
amendments thereto for closed accounts shall be retained by the book for no
less than one year following the closure of the related wagering
account.
6. A race book shall not
allow the use of a wagering account established pursuant to this section for
forms of wagering other than off-track pari-mutuel horse race wagering unless:
(a) The establishment and use of the wagering
account otherwise meets all of the requirements of these Rules; and
(b) Administrative approval has been granted
by the Commission.
24.170 Account wagering systems. Except to the extent the Commission otherwise authorizes casino licensees to utilize account wagering systems by patrons physically present on the casino licensee's premises when placing a wager, account wagering systems shall be used only under the provisions of Ark. Code Ann. § 23-110-405(e)(1) or Ark. Code Ann. § 23-111-508(e)(1) as follows:
1. For systems that use other
than voice-only wagering communications technology, provide for the patron's
review and confirmation of all wagering information before the wagering
communication is accepted by the book. The system shall create a record of the
confirmation. This record of the confirmation of the wager shall be deemed to
be the actual transaction of record, regardless of what wager was recorded by
the system;
2. Prohibit wagers from
being changed after the patron has reviewed and confirmed the wagering
information, and the specific wagering communication transaction has been
completed, but patrons may be allowed to cancel a wager prior to the close of
wagering in accordance with the system's wager cancel procedures;
3. Prohibit the acceptance of wagers after
the close of wagering when the race starts;
4. Prohibit a book from accepting an account
wager, or a series of account wagers, in an amount in excess of the available
balance of the wagering account;
5.
Prohibit a book from accepting out-of-state sports wagers and out-of-state
nonpari-mutuel horse race wagers, except to the extent the Commission otherwise
authorizes casino licensees to utilize account wagering systems for such wagers
by persons physically present on the casino licensee's premises when placing
the wager;
6. Post payment on
winning account wagers as a credit to the patron's wagering account as soon as
reasonably practicable after the event is declared official;
7. Maintain a completely separate wagering
account for pari-mutuel horse race wagers. Wagering accounts for pari-mutuel
sports wagers, nonpari-mutuel horse race wagers and nonpari-mutuel sports
wagers may be commingled in a single separate wagering account;
8. Maintain complete records of every
deposit, withdrawal, wager, winning payoff, and any other debit or credit for
each account; and
9. For systems
that use other than voice-only wagering communications technology, produce a
printable record of the entire transaction as required by this section and
shall not accept any wagering communication or transaction if the printable
record system is inoperable.
24.185 Business Entity Wagering.
1. A book shall notify the Commission in
writing of its intent to accept wagers from business entities which have met
all of the applicable requirements of these Rules.
2. A book is prohibited from accepting wagers
from a business entity unless all of the business entity's owners, directors,
officers, managers, partners, holders of indebtedness, and anyone entitled to
payments based on profits or revenues of the entity are fully disclosed. If the
business entity is owned or controlled by one or more holding companies, each
of the holding companies' owners, directors, officers, managers, partners,
holders of indebtedness and everyone entitled to payments based on profits or
revenues of the entity must be fully disclosed.
3. A book which elects to accept wagers from
business entities must conduct due diligence on each business entity from which
the book will accept wagers which, at a minimum, includes, but is not limited
to:
(a) Requiring the business entity to
affirm that it has met all of the applicable requirements found in these Rules
and that it is not established for the purpose of circumventing any applicable
federal or state laws including, but not limited to, laws concerning illegal
sports wagering, electronic communications, and money laundering;
(b) Ascertaining all equity owners, holders
of indebtedness, directors, officers, managers, partners, anyone entitled to
payments based on the profits or revenues, and any designated individuals;
and
(c) Ascertaining the natural
person who is the source of funds for each contribution to the business entity.
[] A book shall maintain records of the due diligence it performs on a business entity for no less than one year following the closure of the wagering account of the business entity or for no less than one year after rejection of a business entity wagering account application by the book.
4. A book
shall not accept wagers from a business entity if:
(a) The business entity does not make the
affirmation or disclosures required by these Rules;
(b) The book is unable to verify the identity
of all the equity owners, holders of indebtedness, directors, officers,
managers, partners, anyone entitled to payments based on the profits or
revenues, and any designated individuals of the business entity; or
(c) The book is unable to verify the natural
person who is the source of funds for each contribution to the business
entity.
5. Upon receipt
of updated information from a business entity, a book shall verify the updated
information. If a book is unable to verify the updated information within 30
days of the book's receipt of the updated information from the business entity,
the book shall suspend the wagering account and not allow further wagering
activity on the wagering account.
6. A book shall require a business entity
from which the book accepts wagers to provide:
(a) For business entities from which the book
accepts wagers aggregating more than $5,000,000 in a calendar year, an
independent third-party verification concerning to whom the business entity
made payments based on profits or revenues to ensure no payments were made to
persons other than those permitted by these Rules to receive such payments. If
the book does not receive a copy of the independent third-party verification
prior to April 1st of the year following the year in which the business entity
placed wagers in excess of $5,000,000, the book shall suspend the wagering
account and not allow further wagering activity on the wagering account
or
(b) For business entities from
which the book accepts wagers aggregating $5,000,000 or less within a calendar
year, an affirmation stating the business entity did not make payments based on
profits or revenues to persons other than those permitted by these Rules to
receive such payments. If the book does not receive such affirmation prior to
April 1st of the year following any year in which the business entity placed
wagers with the book, the book shall suspend the wagering account and not allow
further wagering activity on the wagering account.
7. A book shall report any violation or
suspected violation of law or Rule related to business entity wagering to the
Commission immediately. Such reporting shall include, but is not limited to,
any violation or suspected violation of relevant federal laws such as The
Federal Wire Act
18 U.S.C. §
1084, the Illegal Gambling Business Act
18 U.S.C. §
1955, and Title 31 anti-money laundering
laws.
8. A book may only accept
wagering activity from a business entity, acting through one or more designated
individuals, through a wagering account established by the business entity and
may only deposit winnings into such wagering account. The book must use an
account wagering system for such wagering activity. The requirement to use an
account wagering system will become effective upon the date approved by the
Commission.
9. A book shall not
extend credit to a business entity.
10. A book shall report the suspension or
closure of a business entity wagering account to the Commission within 5 days
of suspension or closure and shall include the reason for such suspension or
closure in the report. A book shall report the reinstatement of a suspended
business entity wagering account to the Commission within 5 days of
reinstatement and shall include the reasons the book reinstated the wagering
account.
11. A book that accepts
wagers from business entities shall adopt, conspicuously display at its
premises, and adhere to house rules governing business entity wagering
transactions.
12. A book that
accepts wagers from business entities shall implement policies and procedures
designed to ensure that business entities' wagering accounts are used only to
place book wagers.
13. As used in
this section, "holding company" means any corporation, firm, partnership,
limited partnership, limited-liability company, trust or other form of business
organization which, directly or indirectly:
(a) Owns, as defined in these
Rules;
(b) Controls, as defined in
these Rules; or
(c) Holds with
power to vote
[] any part of a business entity subject to this section. In addition to any other reasonable meaning of the words used, a holding company "indirectly" has, holds or owns any power, right or security if it does so through any interest in a subsidiary or successive subsidiaries, however many such subsidiaries may intervene between the holding company and the business entity subject to this section.
24.190 Wagering account transactions.
1. Except as otherwise
provided herein, deposits, credits, and debits to wagering accounts shall be
made in accordance with these Rules.
2. Business entity wagering account deposits
and withdrawals may only be made by transfers to and from the bank or financial
institution account maintained by the business entity. Business entity wagering
account deposits and withdrawals may not be made in cash.
24.200 Gross revenue computations and layoff bets. The amounts of wagers placed by a book and the amounts received by the book as payments on such wagers shall not affect the computation of the book's gross gaming revenue.
24.210 Assigned agent. The Commission may at any time require a book to allow an agent of the Commission to be permanently present on the book's premises during all hours of operation, and to require the costs and expenses for such agent to be borne by the book in a manner deemed reasonable by the Commission. The agent shall have full and complete access to all books, records, and to any telephone conversations emanating from or received at the licensed premises.
24.220 Records and forms. Books shall create and maintain the records and reports required by this Rule in such manner and using such forms as the Commission may require or approve. The Commission may require books to create and maintain such other records and reports as are necessary or convenient for strict regulation of books. Except as otherwise provided in this Rule, books shall preserve the records required by this Rule for at least 5 years after they are made. The Commission may at any time examine and copy the records of any book. Each book shall comply with all other applicable Rules of the Commission to the extent not in conflict with this Rule.
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