Pari-Mutuel Betting Supervision Regulations

79 (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(3) Subject to section 118, no association shall permit any money to be withdrawn from an account other than by the account holder or the account holder’s legal representative.