Tex.
Bus. & Com. Code Section 302.053
Exemption: Persons Regulated by Other Law
(1)
a person offering or selling a security that has been qualified for sale under Chapter 4003 (Securities), Government Code, or that is subject to an exemption under Chapter 4005 (Exemptions), Government Code;(2)
a publicly traded corporation registered with the Securities and Exchange Commission or the State Securities Board, or a subsidiary or agent of the corporation;(3)
a person who holds a license issued under the Insurance Code if the solicited transaction is governed by that code;(4)
a supervised financial institution or a parent, a subsidiary, or an affiliate of a supervised financial institution;(5)
a person whose business is regulated by the Public Utility Commission of Texas or an affiliate of that person, except that this chapter applies to such a person or affiliate only with respect to one or more automated dial announcing devices;(6)
a person subject to the control or licensing regulations of the Federal Communications Commission;(7)
a person selling a contractual plan regulated by the Federal Trade Commission trade regulation on use of negative option plans by sellers in commerce under 16 C.F.R. Part 425;(8)
a person subject to filing requirements under Chapter 1803 (Solicitation for Public Safety Organizations), Occupations Code; or(9)
a person who:(A)
is soliciting a transaction regulated by the Commodity Futures Trading Commission; and(B)
is registered or holds a temporary license for the activity described by Paragraph (A) with the Commodity Futures Trading Commission under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), if the registration or license has not expired or been suspended or revoked.
Source:
Section 302.053 — Exemption: Persons Regulated by Other Law, https://statutes.capitol.texas.gov/Docs/BC/htm/BC.302.htm#302.053 (accessed May 18, 2024).
