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Proposed Rule

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

INTERPRETIVE NOTICE

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FOREX TRANSACTIONS

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C. OTHER REQUIREMENTS

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1. Bylaw 1301

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The following table shows the dues to be assessed for Forex Dealer Members:

Amount of annual Gross Revenue From Off-Exchange Retail Forex Transactions Dues if NFA is the DSRO Dues if NFA is not the DSRO
$500,000 or less $20,000 $15,875
More than $500,000, but not more than $2 million $30,000 $25,875
More than $2 million, but not more than $5 million $50,000 $45,875
More than $5 million $100,000 $95,875

These dues apply when the Forex Dealer Member offers to be a counterparty to a forex transaction or accepts a forex trade (whichever is earlier), and NFA will send the member an invoice for the minimum dues ($20,000 or $15,875) minus any amount already paid for that membership year. Thereafter, tThe dues will be assessed on the firm's membership renewal date and will be based on the Forex Dealer Member's latest financial certified statement.

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