Proposed Rule

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PROPOSED AMENDMENT TO NFA BYLAW 301(h)
(Additions are underscored and deletions are placed within brackets)

BYLAWS

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CHAPTER 3
MEMBERSHIP AND ASSOCIATION WITH A MEMBER

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BYLAW 301. REQUIREMENTS AND RESTRICTIONS

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(h) Suspension and Termination of Membership and Associate Membership.

The membership or Associate membership of any person may be terminated as set forth below. Termination of a person's membership or Associate membership pursuant to paragraphs (i) through [(vii)] (viii) shall not relieve the Member or Associate of any responsibility under the NFA Code of Arbitration or Compliance Rules for activities prior to termination, or of the obligation to pay any dues, assessments, fines, penalties or other charges theretofore accrued and unpaid.

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    (viii) Withdrawal of Membership.
On an annual basis, NFA shall provide each NFA Member FCM for which NFA is the Designated Self-Regulatory Organization, IB, CPO, CTA and LTM with a questionnaire concerning its business activities. The Member shall complete the questionnaire and submit the completed questionnaire on the date specified thereon. NFA shall deem the failure to file the completed questionnaire within 30 days following such date a request to withdraw from NFA membership, and shall notify the Member accordingly.

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