Section 302.053 - Exemption: Persons Regulated By Other Law This chapter does not apply to:
(1) a person offering or selling a security that has been qualified for sale under Chapter 4003, Government Code , or that is subject to an exemption under Chapter 4005, 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, 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. Tex. Bus. and Comm. Code § 302.053
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 2.03, eff. 1/1/2022.Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.