In addition to filing a completed personal history record and personal financial questionnaire, along with all required releases and fingerprint cards, each member applying for approval of delayed licensing shall provide the following information:

1. (1) A listing of any other business interest between the applicant and a manager existing prior to, at the time of, or after the formation of the limited liability company;
2. (2) Whether the applicant has a familial relationship, either by blood, marriage, or adoption, with a manager of the limited liability company; and

3. (3)

   1. (A) A certification that the applicant does not have and will not have a material relationship to, or a material involvement with, a manager of the limited liability company with respect to the gaming operations of the limited liability company, except in another licensed capacity under Arkansas Racing Commission rules in accordance with commission rules.
   2. (B) A person may be deemed to have a material relationship to, or a material involvement with, a manager if the person is a stockholder, controlling person, or key employee of a legal entity that is a manager, or if the person, as an agent, consultant, advisor, or otherwise, exercises a significant influence upon the management or affairs of such manager.