CFTC Rule Submissions

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 Adoption of an Interpretive Notice to NFA Compliance Rule 2-9 Regarding Ethics Training Requirements*

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") the proposed adoption of an Interpretive Notice to NFA Compliance Rule 2-9 regarding Ethics Training Requirements. The proposal was unanimously approved by NFA's Board of Directors ("Board") on February 20, 2003. NFA respectfully requests Commission review and approval of this proposal.

Proposed Interpretive Notice

Explanation of Proposed Interpretive Notice

NFA respectfully requests that the Commission review and approve the proposal contained herein and also requests that the proposal be declared effective upon Commission approval.

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel

cc: Chairman James E. Newsome
Commissioner Barbara Pedersen Holum
Commissioner Sharon Brown-Hruska
Commissioner Walt Lukken
Jane Kang Thorpe, Esq.
Gregory Mocek, Esq.
Patrick J. McCarty, Esq.
David Van Wagner, Esq.
Riva Spear Adriance, Esq.