Within 15 days following the occurrence of any of the following events, a licensee shall file a written report with the Commission describing such event and its expected impact upon the business of the licensee:
- 1. The filing of bankruptcy, reorganization, or receivership proceedings by or against the licensee;
- 2. The institution of administrative or regulatory proceedings against the licensee by any governmental authority;
- 3. Any felony indictments of the licensee or any of its members, partners, directors, officers, or principals;
- 4. Any felony conviction of the licensee or any of its members, partners, directors, officers, or principals; and
- 5. Such other event as the Commission may prescribe by regulation.
2010, c. 477, § 6.1-491.