Oregon Law
Law as of Jan 1, 2026
Chapter contents
645.005Definitions 645.010Commodity contract or option transactions prohibited; exception 645.015Persons exempt from prohibition; effect of federal law 645.020Transactions exempt from prohibition 645.025Applicability of ORS 645.010, 645.035 and 645.040 645.030When transactions are considered to occur in this state 645.035Commodity merchant required to comply with federal law 645.040False, fraudulent or deceptive trading practices prohibited; business liable for acts or omissions of agents or employees; effect of federal law 645.200General authority to administer chapter 645.205Rules 645.210Investigatory power; compliance with subpoenas 645.215Notice of orders; hearing 645.220Appeal of order; modification of order 645.225Action to compel compliance with rule or order; attorney fees; claim; disposition of recovery 645.230Allegations of complaint; burden of proof 645.300Good faith actions not subject to liability 645.305Jurisdiction of courts 645.310Construction of chapter; purpose 645.315Short title 645.320Effect of chapter on Oregon Securities Law 645.950Civil penalty 645.990Criminal penalty

Chapter 645 — Commodity Transactions

ORS 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.

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