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Proposed Rule

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PROPOSED BYLAW ADDITION
(additions are underscored)

BYLAWS OF NATIONAL FUTURES ASSOCIATION

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CHAPTER 14

INDEMNIFICATION AND LAWSUITS AGAINST NFA

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BYLAW 1402. LAWSUITS AGAINST NFA.

Any current or former Member or Associate who fails to prevail in a lawsuit or any other type of legal proceeding instituted in a court of law or otherwise against NFA or any of its officers, directors, committee members, volunteers, arbitrators, employees or agents shall pay to NFA any and all reasonable expenses and disbursements, including reasonable attorney's fees, incurred by NFA to defend such lawsuit or proceeding.

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