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Proposed Rule

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PROPOSED AMENDMENTS
(additions are underscored and deletions are stricken through))

BYLAWS

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BYLAW 1301. SCHEDULE OF DUES AND ASSESSMENTS.

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(e) Forex Dealer Members.

Each Forex Dealer Member shall pay to NFA annual dues in the amount provided under section (b)(ii) of this bylaw plus a surcharge of $14,375 if its gross annual revenue from the activities described in Bylaw 306(a) is $100,000 $500,000 or less, shall pay that amount plus $7,500 a surcharge of $24,375 if its gross annual revenue from those activities is more than $100,000 $500,000 but not more than $2,000,000, a surcharge of $44,375 if its gross annual revenue from those activities is more than $2,000,000 but not more than $5,000,000, and shall pay an additional $5,000 a surcharge of $94,375 if its gross annual revenue from those activities is more than $1,500,000 $5,000,000. These dues replace the dues that would otherwise be payable based on the Forex Dealer Member's registration category.

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