Notices to Members

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Notice I-03-01

February 06, 2003

Current News from National Futures Association

Welcome to NFA's first Notice to Members to be distributed electronically. At NFA we are always looking for more efficient ways to communicate with our Members. With this Notice, we will begin sending you news, Web updates and other information directly to your computer.

If you received this Notice electronically and prefer that someone else at your firm be the contact person for these types of communications, contact Dan Unti ( or 312-781-1325).

If you received this Notice through the U.S. mail, it is because we do not currently have your e-mail address on file. If you would like to receive future Notices electronically, contact Dan Unti.

Security Futures Products Guide
NFA has just published a Security Futures Products regulatory guide for NFA Members who are notice-registered broker-dealers. The 36-page booklet provides regulatory guidance on many SFP issues, including registration and proficiency requirements, supervision, promotional material and account opening procedures. You can download the publication from our Web site by clicking on the link below:

You can also order the publication through our Information Center (800-621-3570). The first copy is free of charge; additional copies may be purchased at a cost of $2.00 each.

Issues and Answers 2003 travels to Los Angeles and New York
NFA's Member Outreach Program, Issues and Answers 2003, will be presented in Los Angeles on February 12 and New York on February 24. These informal meetings provide Members with an opportunity to discuss current industry issues with NFA staff.

The Los Angeles program will be held from 2:00 p.m. to 4:00 p.m. at the Wilshire Grand Hotel, 950 Wilshire Boulevard. You can register online by clicking the link below:

The New York program will be held from 3:30 p.m. to 6:30 p.m. at the New York Mercantile Exchange. You can register online by clicking the link below:

New assessment fee rates effective January 1
NFA reminds you that new assessment fee rates became effective on January 1, 2003. The rates are now $.06 per round-turn futures contract and $.03 per options contract. The rates for mini contracts remains at $.04 per round-turn and $.02 per mini options contracts. The rate for security futures products is $.04 per round-turn.

Members will soon be able to pay NFA fees electronically
Beginning Tuesday, February 18, Members will be able to remit their registration fees and membership dues electronically through NFA's Online Registration System (ORS). Members who want to use the new service should logon to ORS through the NFA Web site and click on the "Security" button at the top of the screen. On the next screen, click on the "On-Line Account Deposit" link.

The next screen asks for the amount of transfer being requested. This amount, which can only be entered as whole dollars, can range from $1 to $99,999. You will also need to enter your bank routing number. The screen provides an illustration indicating where the routing number is typically located on a bank check. You will also be prompted to enter the bank account number and an e-mail address where NFA can send a confirmation of the transfer.

If you have questions or would like additional information on this new service, contact Michael Saturley( in NFA's Treasurer's Office.

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