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Proposed Rule

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PROPOSED BYLAW AMENDMENT
(additions are underscored)

BYLAWS

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CHAPTER 13
DUES AND ASSESSMENTS

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BYLAW 1301. SCHEDULE OF DUES AND ASSESSMENTS

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(b) FCM Members

    (i) Each FCM Member shall pay to NFA an assessment fee equal to:

      (A) $.04 for each commodity futures contract traded on or entered into subject to the rules of a contract market (other than an option contract) on a round turn basis;

      (B) $.02 for each option contract traded on or entered into subject to the rules of a contract market on a per trade basis;

      (C) $.04 for each security futures contract, as defined in Section 1a(31) of the Act, traded on a round turn basis, carried by it in a commodity futures account,

      carried by it for a customer other than (1) a person having privileges of membership on a contract market where such contact is entered (except that this exemption does not apply to transactions by commodity pools operated by NFA Member CPOs); (2) a business affiliate of such FCM that directly or indirectly owns 100 percent or is owned 100 percent by or has 100 percent ownership in common with such FCM provided such FCM has privileges of membership on the contract market where such contract is entered; or (3) an omnibus account carried for another FCM Member for which assessments are payable to NFA by the other FCM.

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