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Code · Oregon · ORS Chapter 645 · Commodity Transactions · Administration

645.205 Rules

128 words·~1 min read·/or/ors-chapter-645/commodity-transactions/administration/645-205·

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645.205 Rules.
(1)In accordance with ORS chapter 183, the director may adopt such rules as are necessary to carry out the provisions of this chapter.
(2)The director may:
(a)Adopt rules or issue orders prescribing the terms and conditions of all transactions and contracts covered by the provisions of this chapter which are not within the exclusive jurisdiction of the federal Commodity Futures Trading Commission; and
(b)Exempt any person or transaction from any provision of this chapter conditionally or unconditionally.
(3)No rule may be adopted unless the director finds that the action is necessary or appropriate for the public interest or for the protection of investors or speculators and consistent with the purposes fairly intended by the provisions of this chapter. [1987 c.148 §10]
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