N.Y. General Business Law § 1016: Required filings

§ 1016. Required filings. 1. The organization that promotes, sanctions

or otherwise participates in the proposition, selection, or arrangement

of one or more professionals for a contest must file with the commission

a written statement executed under penalty of perjury stating (a) all

charges, expenses, fees, and costs that will be assessed against any

professional participating in the event; (b) all payments, benefits,

complimentary benefits and fees the organization or entity will receive

for its affiliation with the event; (c) the name of the promoter; (d)

sponsor of the event; and (e) all other sources, and such other and

additional information as required by the commission. Such written

statement shall be filed in a form and manner acceptable to the

commission.

2. The promoter, organizer, producer or another that participates in

the proposition, selection, or arrangement of one or more professionals

for a contest must file with the commission a written statement under

penalty of perjury detailing all charges, fees, costs and expenses by or

through the promoter on the professional pertaining to the event,

including any portion of the professional's purse that the promoter will

receive and training expenses and all payments, gifts or benefits the

promoter is providing to any sanctioning organization affiliated with

the event. Such written statement shall be filed in a form and manner

acceptable to the commission.

3. The promoter, organizer, producer or another that participates in

the proposition, selection, or arrangement of one or more professionals

for a contest must file with the commission a copy of any agreement in

writing to which the promoter is a party with any professional

participating in the match.

4. All contracts calling for the services of a professional in an

authorized professional combative sport and entered into by licensed

promoters, professionals or managers as one or more of the parties in

such contracts, including those contracts which relate to the rights to

distribute, televise or otherwise transmit any authorized professional

combative sport over the airwaves or by cable shall be subject to the

approval of the commission and copies thereof shall be filed with the

commission by such corporation, professional or manager within

forty-eight hours after the execution of such contract and at least ten

business days prior to any bouts, or the first of any series of bouts,

to which they relate. The commission may waive such filing deadline for

good cause shown.