Regulated Futures Contract Law and Legal Definition
Regulated futures contract in tax law refers to a contract with respect to which the amount required to be deposited and the amount which may be withdrawn depends upon daily market conditions. A regulated futures contract is usually subjected to the rules of a qualified board of exchange. They are also subjected to the rules of a domestic board of trade designated as a contract market by the Commodity Futures Trading Commission or of any board of trade or exchange. A regulated futures contract also includes a foreign currency contract.
The following is an example of a federal statue defining the term regulated futures contract. According to 26 USCS § 1256(g)(1), the term "regulated futures contract" means a contract:
(A) with respect to which the amount required to be deposited and the amount which may be withdrawn depends on a system of marking to market; and
(B) which is traded on or subject to the rules of a qualified board or exchange.
Legal Definition list
- Regulated Entities
- Regularly Scheduled Administrative Workweek
- Regularly Employed
- Regular Visa
- Regular Trading Session of a Security
- Regulated Futures Contract
- Regulated Item [Public Health]
- Regulated Lending Institution
- Regulated Natural Gas [Internal Revenue]
- Regulated Transaction [Food and Drugs]
- Regulation and Directives
Related Legal Terms
- 30-Year Contract [Agriculture]
- Accessory Contract
- Accrual of a Contract Claim
- Action Ex Contractu
- Adhesion Contract
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agency Contract
- Agency Sales and Service Contract
- Alarm System Contractor
- Aleatory Contract
