(additions are underscored and deletions are
* * *
CHAPTER 13. DUES AND ASSESSMENTS
BYLAW 1301. SCHEDULE OF DUES AND ASSESSMENTS.
Subject to the provisions of Article XII, dues and assessments of Members shall be as follows:
(a) Contract Markets.
Each contract market Member shall pay to NFA an assessment calculated on the basis of
$.01 $.005 for each round-turn transaction in a commodity futures contract (purchase and sale or sale and purchase) executed on the contract market, except that in any NFA fiscal year, the total of such assessments paid by a contract market Member that had transaction volume of more than 20 percent of aggregate contract market transaction volume during that fiscal year shall not be more than $150,000 and the total of such assessments paid by a contract market Members that had transaction volume of 20 percent or less of aggregate contract market transaction volume during that fiscal year shall not be more than $100,000. A specific contract market's transaction volume shall be the number of commodity futures contracts entered into on the contract market. The aggregate contract market transaction volume shall be the number of such contracts entered into on all U.S. contract markets. The number of contracts entered into on a contract market shall be adjusted where necessary because of differences in sizes of contracts (e.g., one 5,000 oz. contract for a particular commodity would equal five 1,000 oz. contracts for that commodity for purposes of the computation).
* * *
NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.