§ 11-53-106 — Unlawful commodity activities

Colorado § 11-53-106

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Colorado Commodity Code

Text

(1) No person shall engage in a
trade or business of or otherwise act as a commodity merchant unless such person
is either:

(a) Registered or temporarily licensed with the commodity futures trading
commission for each activity constituting such person as a commodity merchant,
and such registration or temporary license has not expired or been suspended or
revoked; or

(b) Exempt from such registration by virtue of the commodity exchange act
or a CFTC rule.

(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 commodity futures trading
commission unless such board of trade has been so designated for such commodity
contract or commodity option and such designation has not been vacated,
suspended, or revoked.

Legislative History

Source: L. 89: Entire article R&RE, p. 635, � 1, effective July 1.