ORS 645.015
Persons exempt from prohibition

  • effect of federal law

(1)

The prohibitions in ORS 645.010 (Commodity contract or option transactions prohibited) shall not apply to any transaction by:

(a)

A person registered with the federal Commodity Futures Trading Commission as a futures commission merchant or as a leverage transaction merchant whose activities require registration;

(b)

A person affiliated with, and whose obligations and liabilities under the transaction are guaranteed by, a person referred to in paragraph (a) of this subsection;

(c)

A person who is a member of a contract market designated by the federal Commodity Futures Trading Commission or any clearinghouse thereof;

(d)

A financial institution;

(e)

A person registered under the Oregon Securities Law, as cited in ORS 59.005 (Short title), as a broker-dealer; or

(f)

A contract market designated by the federal Commodity Futures Trading Commission or any clearinghouse thereof or a securities exchange registered with the federal Securities and Exchange Commission.

(2)

The exemption provided by this section shall not apply to any transaction or activity which is prohibited by the federal Commodity Exchange Act or rules adopted by the federal Commodity Futures Trading Commission. [1987 c.148 §5]

Source: Section 645.015 — Persons exempt from prohibition; effect of federal law, https://www.­oregonlegislature.­gov/bills_laws/ors/ors645.­html.

Green check means up to date. Up to date

Current through early 2024

§ 645.015’s source at oregon​.gov