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June 03, 2005
Via Federal Express
Ms. Jean A. Webb
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, DC 20581
Re: National Futures Association: Proposed Amendments to NFA Bylaw 306 and Interpretive Notice Regarding Forex Transactions With Forex Dealer Members*
Dear Ms. Webb:
Pursuant to Section 17(j) of the Commodity Exchange Act, as amended, National Futures Association ("NFA") hereby submits to the Commodity Futures Trading Commission ("CFTC" or "Commission") proposed amendments to NFA Bylaw 306 and the Interpretive Notice regarding Forex transactions with Forex Dealer Members. These proposals were approved by NFA's Board of Directors ("Board") on May 19, 2005.
NFA is invoking the "ten-day" provision of Section 17(j) of the Commodity Exchange Act ("CEA") and will make these proposals effective ten days after receipt of this submission by the Commission unless the Commission notifies NFA that the Commission has determined to review the proposals for approval.
Thomas W. Sexton
Vice President and General Counsel
* The proposed amendments to NFA Bylaw 306 and Interpretive Notice Regarding Forex Transactions With Forex Dealer Members became effective on June 13, 2005.