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October 04, 2010
Effective Date of Amendments to Bylaw 1301(b) - Assessment of Trades on Foreign Exchanges
An amendment to NFA Bylaw 1301(b), which sets forth the schedule of dues and assessments for FCMs, is effective as of November 1, 2010. The amendment exempts a person's proprietary trading from the NFA assessment fee for trades on all foreign futures markets if the person has privileges of membership on any NFA Member contract market that has annual transaction volume of at least 1,000,000. However, the exemption does not apply to the foreign proprietary trades of a person's parent, affiliate, or subsidiary unless these entities separately have privileges of membership on an NFA Member contract market that has annual transaction volume of at least 1,000,000.
More information on NFA's amendment to Bylaw 1301(b) can be found in NFA's August 30, 2010 Submission Letter to the CFTC. Questions concerning this amendment should be directed to David Hawrysz, Vice-President, Treasurer's Office (firstname.lastname@example.org or 312-781-1385) or Michael Saturley, Director, Treasurer's Office (email@example.com or 312-781-1386).