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(additions are underscored and deletions are stricken)
BYLAWS OF NATIONAL FUTURES ASSOCIATION
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BYLAW 1301. SCHEDULE OF DUES AND ASSESSMENTS.
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Subject to the provisions of Article XII, dues and assessments of Members shall be as follows:
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(b) FCM Members.
(i) Each FCM Member shall pay to NFA an assessment equal to:
(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 contract is entered; or (2) a business affiliate of such FCM that directly or indirectly owns 100 percent of or is owned 100 percent by or has 100 percent own-ership 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 assess-ments are payable to NFA by the other FCM;
carried by it for a customer other than on an omnibus account basis for another FCM Member for which assessments are pay-able to NFA by the other FCM; and
Provided, however, such assessments shall be suspended or adjusted by the Board for a period not to exceed three months when in the judgment of the Board such action is appropriate in light of NFA's overall financial goals. The FCM Member shall invoice these assessments to its customer and shall remit the amount due to NFA; and
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