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Bylaws



BYLAW 703. ADVISORY COMMITTEES.
[Effective dates of amendments: January 28, 1986 and November 9, 1988.]

The Board shall appoint Advisory Committees, not having or exercising the authority of the Board, including a Committee to advise the Board on FCM matters and a Committee to advise the Board on matters relating to CPOs and CTAs. No person then serving as a member of the Board shall simultaneously serve as a member of any NFA Advisory Committee. Each member of an Advisory Committee shall serve for three years, except that the terms initially established shall be staggered, or until the member's successor is appointed and qualified, or until the member's death, resignation, ineligibility or removal. A vacancy in an Advisory Committee shall be filled in the manner prescribed in Bylaw 601 for officers. A Committee member may be removed by the Board whenever in its judgment the best interests of NFA will be served thereby. No member of an Advisory Committee shall use or disclose material, non-public information, obtained as a result of participation on the Advisory Committee, for any purpose other than the performance of official duties as a member of the Advisory Committee.

 
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