Oregon Law
Law as of Jan 1, 2024
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 645.035 Commodity merchant required to comply with federal law

(1)

No person shall engage in a trade or business or otherwise act as a commodity merchant unless such person:

(a)

Is registered or temporarily licensed with the federal Commodity Futures Trading Commission for each activity constituting such person as a commodity merchant; or

(b)

Is exempt from such registration by virtue of the federal Commodity Exchange Act or rules adopted by the federal Commodity Futures Trading Commission.

(2)

No board of trade shall trade, or provide a place for the trading of, any commodity contract or commodity option required to be traded on or subject to the rules of a contract market designated by the federal Commodity Futures Trading Commission unless such board of trade is so designated for such commodity contract or commodity option.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.