Texas The Texas Constitution

§ 8.30 — CERTAIN TAXES ON SECURITIES MARKET OPERATORS AND SECURITIES TRANSACTIONS PROHIBITED

CN § 8.30

Statute text

(a)In this section:

(1)"Registered securities market operator" means any of the following entities, to the extent the entity is subject to registration with and regulation by the United States Securities and Exchange Commission or the United States Commodity Futures Trading Commission, or the successor in function to either commission:

(A)a self-regulatory organization, financial institution, broker, dealer, clearing agency, or transfer agent, as those terms are defined by the Securities Exchange Act of 1934 (15 U.S.C. Section 78a et seq.) in effect on January 1, 2025;

(B)an exchange that is registered as a national securities exchange under Section 6 of the Securities Exchange Act of 1934 (15 U.S.C. Section 78f);

(C)an alternative trading system, board of trade, commodity pool operator, derivatives clearing organization, electronic trading facility, or organized exchange, as those terms are defined by the Commodity Exchange Act (7 U.S.C. Section 1 et seq.) in effect on January 1, 2025;

(D)an affiliate, subsidiary, or facility of an entity described by Paragraph (A), (B), or (C); or

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