Rule Submissions to the CFTC

November 2, 2001

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 Registration Rules 101, 204(a), 208(a), and 302(a)*

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 Registration Rules 101, 204(a), 208(a), and 302(a). The amendments were unanimously approved by NFA's Board of Directors ("Board") on February 15, 2001.

NFA intends to make the amendments effective ten days after receipt of this submission by the Commission unless the Commission notifies NFA within the ten-day period that the Commission has determined to review the amendments for approval.

In addition, NFA staff expects that in January and February 2002, NFA's Executive Committee and Board of Directors, respectively, will adopt amendments to NFA's ethics training rules in accordance with the changes that the Commission made to its ethics training requirements on October 23, 2001.

Proposed Amendments to NFA Registration Rules 101, 204(a), 208(a), and 302(a)

Explanation of Proposed Amendments

As mentioned earlier, NFA intends to make the amendments to NFA Registration Rules 101, 204(a), 208(a) and 302(a) effective ten days after receipt of this submission by the Commission unless the Commission notifies NFA within the ten-day period that the Commission has determined to review the amendments for approval.

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel

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

* The proposed amendments to NFA Registration Rules 101, 204(a), 208(a) and 302(a) became effective on November 17, 2001.