CFTC Rule Submissions

Via Federal Express

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 Amendments to Financial Requirements Section 11 and the Interpretive Notice Regarding Forex Transactions With Forex Dealer Members*

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") proposed amendments to Financial Requirements Section 11 and the Interpretive Notice regarding Forex Transactions with Forex Dealer Members. This proposal was approved by NFA's Board of Directors ("Board") on August 18, 2005. NFA respectfully requests Commission review and approval of the proposed amendments.

PROPOSED RULE AMENDMENTS

EXPLANATION OF PROPOSALS

NFA respectfully requests that the Commission review and approve the proposed amendments to Financial Requirements Section 11 and the Interpretive Notice regarding Forex Transactions with Forex Dealer Members. NFA will announce the effective date once the amendments are approved.

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel