Rule Submissions to the CFTC

March 8, 2000

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

Re: National Futures Association: Proposed Amendments to NFA Financial Requirements, NFA Compliance Rules and Interpretive Notices to Compliance Rules*

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 Financial Requirements, NFA Compliance Rules, and Interpretive Notices to Compliance Rules. The amendments set forth herein were approved by NFA's Board of Directors on February 17, 2000. NFA respectfully requests Commission review and approval of these proposals.

Proposed Amendments to NFA Financial Requirements

Explanation of Proposed Amendments to NFA Financial Requirements

Proposed Amendments to NFA Compliance Rules

Proposed Amendments to NFA Interpretive Notices

NFA respectfully requests that the Commission review and approve the proposal contained herein and also requests that they be declared effective upon Commission approval.

Respectfully submitted,

Daniel J. Roth
Executive Vice President and General Counsel

cc: Chairman William J. Rainer
Commissioner Barbara Pedersen Holum
Commissioner David D. Spears
Commissioner James E. Newsome
Commissioner Thomas J. Erickson
Phyllis J. Cela, Esq.
John C. Lawton, Esq.
Alan L. Seifert, Esq.
David Van Wagner, Esq.
Riva Spear Adriance, Esq.