Member Newsletter

The following actions were taken by NFA's Board of Directors at their meeting on August 21, 2003 in Chicago.

The Board approved the following NFA committee appointments:

• Finance Committee - Kent Horsager (Contract Market Representative), Bonnie Litt (FCM Representative), Robert Murray (CPO/CTA Representative), Susan Phillips (Public Representative)
  
• Appeal Committee - Thomas Ewing (Public Representative)

The Board approved amendments to NFA Compliance Rule 2-9(c) and the Interpretive Notice entitled "FCM and IB Anti-Money Laundering Compliance Program" to incorporate new requirements based on final rules jointly issued by the Treasury Department and the CFTC.

The Board approved amendments to the Interpretive Notice entitled "NFA Compliance Rule 2-10: The Allocation of Block Orders for Multiple Accounts" to reflect the CFTC's amended Rule 1.35(a-1)(5). The Board also approved a motion to rescind the NFA Interpretive Notice entitled "Compliance Rule 2-10: Orders Eligible for Post-Execution Allocation."

The Board approved amendments to NFA Bylaw 1301(b) to clarify that contracts traded on or subject to the rules of a contract market are subject to NFA's assessment fee.