NRS463.633. Registration of corporation of another country: Matters considered by Board; rejection without hearing.

  In determining whether to recommend that the Commission approve such an application, the Board may consider, in addition to all other requirements of this chapter:

      1.  Whether the governmental authority in the foreign country has an effective system to regulate the applicant and the relations between the investing public and the applicant and other corporations listed on the exchange;

      2.  Whether the system includes:

      (a) A requirement that the listed corporations make full disclosure of information to the investing public;

      (b) A requirement that the listed corporations file periodic reports with the governmental authority;

      (c) A method to prevent any manipulation of the prices of securities or any employment of deceptive or misleading devices; and

      (d) A restriction on margins to prevent any excessive use of credit for the purchase or carrying of securities listed on the exchange;

      3.  The availability of means by which the Board and Commission may obtain adequate information from the governmental authority in the foreign country concerning the applicant’s activities; and

      4.  Such other matters as the Board finds it necessary to consider in order to protect regulated gaming in Nevada.

Ê The Board may reject any such application without a hearing.

      (Added to NRS by 1985, 1476)