CFTC Rule Submissions

Ms. Jean A. Webb
Secretariat
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, DC 20581

Re: National Futures Association: Proposed Adoptions of Section 10 of NFA Financial Requirements and NFA Compliance Rule 2-38 and an Interpretive Notice to NFA Compliance Rule 2-38 Regarding Business Continuity and Disaster Recovery Plan*

Dear Ms. Webb:

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") the proposed adoptions of Section 10 of NFA Financial Requirements and NFA Compliance Rule 2-38 and its Interpretive Notice regarding Business Continuity and Disaster Recovery Plan. The proposals were unanimously approved by NFA's Board of Directors ("Board") on February 20, 2003. NFA respectfully requests Commission review and approval of these proposals.

Proposed Adoption of Section 10 of NFA Financial Requirements

Proposed Adoption of NFA Compliance Rule 2-38

Proposed Adoption of Interpretive Notice to NFA Compliance Rule 2-38 Regarding Business Continuity and Disaster Recovery Plan

Explanation of Proposed Amendments

NFA respectfully requests that the Commission review and approve the proposals contained herein and also requests that the proposals be declared effective upon Commission approval.

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel

cc: Chairman James E. Newsome
Commissioner Barbara Pedersen Holum
Commissioner Sharon Brown-Hruska
Commissioner Walt Lukken
Jane Kang Thorpe, Esq.
Gregory Mocek, Esq.
Patrick J. McCarty, Esq.
David Van Wagner, Esq.
Riva Spear Adriance, Esq.