NFA Bylaws

BYLAW 1303. DEFAULT AND DEEMED REQUEST TO WITHDRAW MEMBERSHIP.

[Effective dates of amendments: June 4, 1985; January 1, 1990; January 1, 2001; March 18, 2003 and October 1, 2007.]

BYLAW 1302. PAYMENT OF DUES AND ASSESSMENTS.

[Effective dates of amendments: April 11, 1983; July 27, 1983; November 29, 1983; December 30, 1986; January 1, 1990; July 1, 1991 and October 1, 2007.]

BYLAW 1301. SCHEDULE OF DUES AND ASSESSMENTS.

BYLAW 1507(b). DEFINITIONS.

[Effective dates of amendments: February 1, 1988; January 1, 1990; and February 13, 2007.]

Except as provided in this Bylaw, the terms used in these Bylaws shall have the same meaning as in the Articles.

 (b) The term "forex" means:

BYLAW 1301(e). SCHEDULE OF DUES AND ASSESSMENTS.

BYLAW 1301(b)(ii). SCHEDULE OF DUES AND ASSESSMENTS. 

(b) FCM Members.

(i) Each FCM Member shall pay to NFA an assessment equal to:

(A) $.02 for each commodity futures contract traded on or entered into subject to the rules of a contract market (other than an option contract) on a round-turn basis;

BYLAW 1101. PROHIBITION.

[Effective dates of amendments: July 27, 1983; January 1, 1990; and August 21, 2001.]

No Member may carry an account, accept an order or handle a transaction in commodity futures contracts for or on behalf of any non-Member of NFA, or suspended Member, that is required to be registered with the Commission as an FCM, IB, CPO, CTA or LTM, and that is acting in respect to the account, order or transaction for a customer, a commodity pool or participant therein, a client of a commodity trading advisor, or any other person, unless:

BYLAW 306. FOREX DEALER MEMBERS.

[Adopted effective June 28, 2002. Effective dates of amendments: December 1, 2003; June 13, 2005; and February 13, 2007.]

(a) Except as provided in section (b), Members of NFA are Forex Dealer Members if they are the counterparty or offer to be the counterparty to forex transactions (as defined in Bylaw 1507(b)).

(b) The following Members are not Forex Dealer Members:

(i) Entities described in subsection (I) and subsections (IV) through (VI) of Section 2(c)(2)(B)(ii) of the Act;