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May 22, 2007

Via Federal Express

Ms. Eileen A. Donovan
Office of the Secretariat
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, DC 20581

Re: National Futures Association: Forex Promotional Material -- Proposed Amendments to NFA Compliance Rules 2-36 and 2-39 Regarding and the Interpretive Notice Regarding Forex Transactions*

Dear Ms. Donovan:

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 NFA Compliance Rules 2-36 and 2-39 and the Interpretive Notice regarding Forex Transactions. This proposal was approved by NFA's Board of Directors ("Board") on May 17, 2007. NFA respectfully requests Commission review and approval of the proposed amendments.

PROPOSED RULE AMENDMENTS

EXPLANATION OF PROPOSED AMENDMENTS

NFA respectfully requests that the Commission review and approve the proposed amendments to NFA Compliance Rules 2-36 and 2-39 and the Interpretive Notice regarding Forex Transactions.

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel


* The proposed amendments to NFA Compliance Rule 2-36, NFA Compliance Rule 2-39 and the Interpretive Notice regarding Forex Transactions became effective October 25, 2007.

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