Indiana § 23-2-6-23 Registration of commodity merchants; places for trading commodities
or options

Indiana Statutes

§ 23-2-6-23 — Registration of commodity merchants; places for trading commodities or options

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 2 SECURITIES AND FRANCHISES·Ch. 6 Indiana Commodity Code

(a)A person may not engage in the commodities trade or business or otherwise act as a commodity merchant unless the person:

(1)is registered or temporarily licensed with the Commodity Futures Trading Commission for each activity causing the person to be considered a commodity merchant and the registration or temporary license has not expired or been revoked or suspended; or

(2)is exempt from registration with the Commodity Futures Trading Commission under:

(A)the Commodity Exchange Act; or

(B)a CFTC rule.

(b)A board of trade may not trade or provide a place for the trading of any commodity contract or commodity option if the commodity contract or commodity option must be traded on a contract market or commodity market designated by the Commodity Futures Trading Commission or is subje

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(a) A person may not engage in the
commodities trade or business or otherwise act as a commodity
merchant unless the person:
(1) is registered or temporarily licensed with the Commodity
Futures Trading Commission for each activity causing the person
to be considered a commodity merchant and the registration or
temporary license has not expired or been revoked or suspended;
or
(2) is exempt from registration with the Commodity Futures
Trading Commission under:
(A) the Commodity Exchange Act; or
(B) a CFTC rule.
(b) A board of trade may not trade or provide a place for the trading
of any commodity contract or commodity option if the commodity
contract or commodity option must be traded on a contract market or
commodity market designated by the Commodity Futures Trading
Commission or is subject to the rules of a contract market or
commodity market designated by the Commodity Futures Trading
Commission, unless:
(1) the board of trade has been designated for the commodity
contract or commodity option by the Commodity Futures Trading
Commission; and
(2) the designation has not been vacated, suspended, or revoked.

Indiana § 23-2-6-23 (Registration of commodity merchants; places for trading commodities or options) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.