Proposed Rule
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(Additions are underscored and deletions are stricken)
* * *ARTICLES OF INCORPORATION
OF
NATIONAL FUTURES ASSOCIATION
ARTICLE X: NOMINATING COMMITTEE
* * *
Section 1: General.
There shall be a Nominating Committee, composed of four three Subcommittees, one for each of the following categories of Members: FCMs and LTMs, IBs, and CPOs and CTAs. Each Subcommittee shall nominate at least one candidate for each position to be filled on the Board in the Subcommittee's category, in accordance with the eligibility requirements of Article VII.
Section 2: Composition; Term of Members.
- (a) Each Subcommittee of the Nominating Committee shall be composed of three representatives of the Subcommittee's category, except that:
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- (iii) The CPO and CTA Subcommittee shall include at least one representative that primarily acts as a CPO and at least one representative that primarily acts as a CTA.