NFA Approves Amendments to Articles of Incorporation Relating to NFA's Governance (NFA Notice I-15-15)

The NFA's Board of Directors ("Board") unanimously approved amendments to the NFA's Articles of Incorporation. The amendments would reduce the size of the Board, eliminate special voting rules for Board actions, allow the non-member nomination of Public Directors and move the Director removal provisions to the Articles of Incorporation, among other things.

While the NFA's Board approved the amendments, the amendments also require the affirmative vote of a majority of those members actually voting in each member category – Contract Market, FCM/IB, CPO/CTA and SD/MSP/RFED. All ballots must be completed and mailed no later than June 19, 2015.

See: NFA Notice I-15-15.