Texas Insurance Code - Section 424.204. Trading Requirements For Derivative Instruments
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§ 424.204. TRADING REQUIREMENTS FOR DERIVATIVE
INSTRUMENTS. Each derivative instrument must be:
(1) traded on a securities exchange;
(2) entered into with, or guaranteed by, a business
entity;
(3) issued or written by, or entered into with, the
issuer of the underlying interest on which the derivative
instrument is based; or
(4) in the case of futures, traded through a broker who
is:
(A) registered as a futures commission merchant
under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), as
amended; or
(B) exempt from that registration under 17 C.F.R.
Section 30.10, adopted under the Commodity Exchange Act (7 U.S.C.
Section 1 et seq.), as amended.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 424.154 424.155 424.156 424.157 424.201 424.202 424.203 424.204 424.205 424.206 424.207 424.208 424.209 424.210 424.211
Last modified: August 11, 2007
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