The National Futures Association ("NFA") amended its Bylaw 1303 governing a Member's failure to timely pay certain fees, which is regarded as a default and deemed a request to withdraw from NFA membership.
Effective on October 31, 2018, NFA Bylaw 1301 will (i) include fees for filing late reports under certain regulations and (ii) make the time period when the default and deemed request to withdraw occurs consistent for all late payments.
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