(1) Each derivative instrument shall be:

(a) traded on a qualified exchange;

(b) entered into with, or guaranteed by, a business entity;

(c) issued or written with the issuer of the underlying interest on which the derivative instrument is based; or

(d) entered into with a qualified foreign exchange.

History: 33-1-313, 33-12-111, MCA; IMP, 33-12-210, 33-12-310, MCA; NEW, 2011 MAR p.1303, Eff. 7/15/11.