645.015 Persons exempt from prohibition; effect of federal law
184 words·~1 min read·
/or/ors-chapter-645/commodity-transactions/645-015A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
645.015 Persons exempt from prohibition; effect of federal law.
(1)The prohibitions in ORS 645.010 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, 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]