CFTC Rule Submissions

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November 21, 2006

Via Federal Express

Ms. Eileen A. Donovan
Office of the Secretariat
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, DC 20581

Re: National Futures Association: Adoption of Compliance Rule 2-40 - Bulk Assignment or Liquidation of Forex Positions; Cessation of Customer Business and the Interpretive Notice Entitled "Procedures for the Bulk Assignment or Liquidation of Forex Positions; Cessation of Customer Business"*

Dear Ms. Donovan:

Pursuant to Section 17(j) of the Commodity Exchange Act, as amended, National Futures Association ("NFA") hereby submits to the Commodity Futures Trading Commission ("CFTC" or "Commission") proposed adoption of Compliance Rule 2-40 - Bulk Assignment or Liquidation of Forex Positions; Cessation of Customer Business and the Interpretive Notice entitled "Procedures for the Bulk Assignment or Liquidation of Forex Positions; Cessation of Customer Business." This proposal was approved by NFA's Board of Directors ("Board") on November 16, 2006. NFA respectfully requests Commission review and approval of the proposed amendments.

PROPOSED RULE AMENDMENTS

EXPLANATION OF PROPOSALS

NFA respectfully requests that the Commission review and approve the adoption of Compliance Rule 2-40 - Bulk Assignment or Liquidation of Forex Positions; Cessation of Customer Business and the Interpretive Notice entitled "Procedures for the Bulk Assignment or Liquidation of Forex Positions; Cessation of Customer Business."

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel


* The proposed adoption of Compliance Rule 2-40 - Bulk Assignment or Liquidation of Forex Positions; Cessation of Customer Business and the Interpretive Notice entitled "Procedures for the Bulk Assignment or Liquidation of Forex Positions; Cessation of Customer Business," became effective February 16, 2007.

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