§ 1006. Sanctioning entities. 1. The commission shall promulgate regulations establishing a process by which entities may be recognized and approved by the commission as authorized sanctioning entities for a period of time to be established by the commission, during which the entity will be allowed to oversee and conduct combative sports within the state of New York. The commission may, in its reasonable discretion, limit the scope of any recognition and approval of a sanctioning entity to the oversight and conduct of one or more specific combat disciplines, amateur or professional combative sports, or to any combination of the foregoing based on the qualifications, integrity and history of the entity seeking authorization as a sanctioning entity. 2. The commission shall evaluate factors including but not limited to:

(a) the entity's stated mission and primary purpose;

(b) whether the entity requires participants in combative sports to use hand, foot and groin protection;

(c) whether the entity has an established set of rules that requires the immediate termination of any combative sport when any participant has endured severe punishment or is in danger of suffering serious physical injury; and

(d) whether the entity has established protocols to effectuate the appropriate and timely medical treatment of injured persons.