NFA Proposes to Amend Articles of Incorporation to Increase CPO/CTA Representation on Board of Directors (Notice I-14-14)

The National Futures Association ("NFA") Board of Directors ("the Board") ratified a proposal to amend Article VII of the NFA's Articles of Incorporation to increase CPO/CTA representation on the Board.

Currently, the Board must include four CPO/CTA representatives, of which at least two must rank in the top 20 percent of funds under management allocated to futures and swaps. The amendment would increase the number of CPO/CTA representatives to five and require that at least three rank within the top 20 percent of funds under management and one rank within the top five percent.

Ballot votes on the amendments must be submitted by June 30, 2014.

See: Notice 1-14-14.