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Pari-Mutuel Betting Supervision Regulations

Version of section 84.5 from 2006-03-22 to 2017-02-01:

  •  (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) Where an account holder 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
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