1. (1) Each derivative instrument shall be:

   1. (a) traded on a qualified exchange;
   2. (b) entered into with, or guaranteed by, a business entity;
   3. (c) issued or written with the issuer of the underlying interest on which the derivative instrument is based; or
   4. (d) entered into with a qualified foreign exchange.

Authorizing statute(s): 33-1-313, 33-12-111, MCA

Implementing statute(s): 33-12-210, 33-12-310, MCA

History: NEW, 2011 MAR p.1303, Eff. 7/15/11.