BYLAWS
Table of Contents

Chapter 1. Offices

[¶ 4011] Bylaw 101. Registered Office
[¶ 4017] Bylaw 102. Other Offices

Chapter 2. Purposes

[¶ 4023] Bylaw 201. Purposes

Chapter 3. Membership and Association with a Member

[¶ 4029] Bylaw 301. Requirements and Restrictions
[¶ 4029.1] (a) Eligibility for Membership
[¶ 4029.2] (b) Registration of Associates
[¶ 4029.3] (c) Restrictions on Becoming or Remaining a Member or Associated with a Member
[¶ 4029.4] (d) Qualification
[¶ 4029.5] (e) Exceptions from Ineligibility, Restrictions and Qualifications
[¶ 4029.6] (f) Application
[¶ 4029.7] (g) Denial and Revocation
[¶ 4029.8] (h) Suspension and Termination of Membership and Associate Membership
[¶ 4029.9] (i) Name and Address
[¶ 4029.10] (j) Notice

[¶ 4030] Bylaw 302. Admission to Membership, or Registration as an Associate, on a Conditional Basis
[¶ 4031] Bylaw 303. Rights and Liabilities of Members
[¶ 4032] Bylaw 304. Transfer of Membership
[¶ 4033] Bylaw 305. Registration Rules
[¶ 4034] Bylaw 306. Forex Dealer Members

Chapter 4. Member Meetings and Elections

[¶ 4053] Bylaw 401. Place of Meeting
[¶ 4059] Bylaw 402. Annual Meetings
[¶ 4065] Bylaw 403. Special Meetings
[¶ 4071] Bylaw 404. Notice of Meetings
[¶ 4077] Bylaw 405. Voting; Quorum
[¶ 4083] Bylaw 406. Elections
[¶ 4089] Bylaw 407. Interim Board and Interim Committees

Chapter 5. Board of Directors

[¶ 4095] Bylaw 501. General Powers and Duties
[¶ 4101] Bylaw 502. Term of Office
[¶ 4107] Bylaw 503. Removal of Directors
[¶ 4113] Bylaw 505. Resignations
[¶ 4119] Bylaw 506. Regular Meetings
[¶ 4125] Bylaw 507. Special Meetings
[¶ 4125.1] (a) General
[¶ 4125.2] (b) Notice of Emergencies

[¶ 4131] Bylaw 508. Adjournment; Lack of Quorum
[¶ 4137] Bylaw 509. Manner of Voting by Directors
[¶ 4143] Bylaw 510. Informal Action by Directors
[¶ 4149] Bylaw 511. Interpretation of NFA Requirements
[¶ 4151] Bylaw 512. Voting on Floor Broker or Floor Trader Registration Responsibilities
[¶ 4152] Bylaw 513. Directors Acting as Counsel in NFA Proceedings
[¶ 4153] Bylaw 514. Prohibition Against Use of Non-Public Information
[¶ 4154] Bylaw 515. Qualifications of Directors
[¶ 4155] Bylaw 516. Voting by Interested Directors

Chapter 6. Officers

[¶ 4160] Bylaw 601. Officers
[¶ 4161] Bylaw 602. Chairman and Vice Chairman
[¶ 4167] Bylaw 603. President
[¶ 4173] Bylaw 604. Secretary
[¶ 4179] Bylaw 605. Treasurer
[¶ 4185] Bylaw 606. Resignations
[¶ 4191] Bylaw 607. Removal

Chapter 7. Committees

[¶ 4197] Bylaw 701. Membership Committee
[¶ 4203] Bylaw 702. Appeals Committee
[¶ 4209] Bylaw 703. Advisory Committees
[¶ 4215] Bylaw 704. Business Conduct Committee
[¶ 4217] Bylaw 705. Finance Committee
[¶ 4218] Bylaw 706. Nominating Committee
[¶ 4219] Bylaw 707. Hearing Committee
[¶ 4220] Bylaw 708. Qualifications and Obligations of Members of NFA Committees

Chapter 8. Arbitration

[¶ 4221] Bylaw 801. Code of Arbitration
[¶ 4222] Bylaw 802. Qualifications of Members of Arbitration Panels

Chapter 9. Enforcement and Discipline

[¶ 4227] Bylaw 901. Compliance Rules

Chapter 10. Financial Requirements

[¶ 4233] Bylaw 1001. Financial Requirements

Chapter 11. Doing Business with Non-Members

[¶ 4239] Bylaw 1101. Prohibition
[¶ 4245] Bylaw 1102. Effective Date of Prohibition

Chapter 12. Property and Investments

[¶ 4251] Bylaw 1201. Property
[¶ 4257] Bylaw 1202. Investments

Chapter 13. Dues and Assessments

[¶ 4263] Bylaw 1301. Schedule of Dues and Assessments
[¶ 4263.1] (a) Contract Markets
[¶ 4263.2] (b) FCM Members
[¶ 4263.3] (c) LTM Members
[¶ 4263.4] (d) Other Members
[¶ 4263.5] (e) Forex Dealer Members

[¶ 4269] Bylaw 1302. Payment of Dues and Assessments
[¶ 4275] Bylaw 1303. Default and Deemed Request to Withdraw Membership
[¶ 4276] Bylaw 1304. Audit Fees for LTMs

Chapter 14. Indemnification and Lawsuits Against NFA

[¶ 4281] Bylaw 1401. Indemnification
[¶ 4282] Bylaw 1402. Lawsuits Against NFA

Chapter 15. Miscellaneous Provisions

[¶ 4287] Bylaw 1501. Corporate Seal
[¶ 4293] Bylaw 1502. Depositories
[¶ 4299] Bylaw 1503. Checks, Drafts, Notes, etc.
[¶ 4305] Bylaw 1504. Fiscal Year
[¶ 4311] Bylaw 1505. Effective Dates
[¶ 4317] Bylaw 1506. Amendments to Bylaws
[¶ 4323] Bylaw 1507. Definitions
[¶ 4324] Bylaw 1508. Security Futures Agreements