Rule Submissions to the CFTC

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February 27, 2006

Via Federal Express

Ms. Jean A. Webb
Secretariat
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, DC 20581

Re: National Futures Association: Proposed Amendments to NFA's Financial Requirements Section 1 Regarding Futures Commission Merchants; Section 5 Regarding Introducing Brokers; and Section 11 Regarding 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") the proposed amendments to Financial Requirements Section 1 regarding futures commission merchants, Section 5 regarding introducing brokers and Section 11 regarding Forex Dealer Members. This proposal was approved by NFA's Board of Directors ("Board") on February 16, 2006. NFA respectfully requests Commission review and approval of the proposed amendments.

PROPOSED RULE AMENDMENTS

EXPLANATION OF PROPOSALS

NFA respectfully requests that the Commission review and approve the proposed amendments to Sections 1 of NFA's Financial Requirements regarding FCMs; Section 5 regarding IBs; and Section 11 regarding Forex Dealer Members.

Respectfully submitted,
Thomas W. Sexton
Vice President and General Counsel


* The proposed amendments to Financial Requirements Section 1 Regarding Futures Commission Merchants; Section 5 Regarding Introducing Brokers; and Section 11 Regarding Forex Dealer Members become effective on July 31, 2006.

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