Tex. Insurance Code § 424.204
TRADING REQUIREMENTS FOR DERIVATIVE INSTRUMENTS
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 424.204, TRADING REQUIREMENTS FOR DERIVATIVE INSTRUMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677491
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Full text
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.