Proposed Rule

(i) "Exchange Act" - means the Securities Exchange Act of 1934.

(j) "Foreign Board of Trade" - means a board of trade, exchange, or market located outside the United States, its territories or possessions.

[(j)] (k) "Foreign Futures" and "Foreign Options" - means futures and options transactions made or to be made on or subject to the rules of a foreign board of trade.

[(k)] (l) "Foreign Futures or Foreign Options Customer" - means any person located in the United States, its territories or possessions who trades in foreign futures or foreign options.

[(l)] (m) "Futures" includes -

(1) futures and option contracts traded on a contract market;

(2) option contracts granted by a person that has registered with the Commission under Section 4c(d) of the Act as a grantor of such option contracts or has notified the Commission under the Commission's rules that it is qualified to grant such option contracts;

(3) foreign futures and foreign options made or to be made on or subject to the rules of a foreign board of trade for or on behalf of foreign futures or foreign options customers as those terms are defined in the Commission's rules; [and]

(4) leverage transactions as that term is defined in the Commission's rules; and

(5) security futures products, as that term is defined in Section 1a(32) of the Act.

[(m)] (n) "Futures Commission Merchant" or "FCM" - means a person who is required to register or is registered as a futures commission merchant under the Act and Commission Rules.

[(n)] (o) "Hearing Committee" - means the Hearing Committee established under NFA Bylaw 707.

[(o)] (p) "Introducing Broker" or "IB" - means a person who is required to register or is registered as an introducing broker under the Act and Commission Rules.

[(p)] (q) "Leverage Transaction Merchant" or "LTM" - means a person who is required to register or is registered as a leverage transaction merchant under the Act and Commission Rules.

[(q)] (r) "Member" - means a Member of NFA other than a contract market.

[(r)] (s) "Person" - includes individuals, corporations, limited liability companies, partnerships, trusts, associations and other entities.

[(s)] (t) "Requirements" - includes any duty, restriction, procedure or standard imposed by a charter, bylaw, rule, regulation, resolution, or similar provision.

(u) "Security Futures Products" - has the same meaning as in Section 1a(32) of the Act.