NFA Interpretive Notice: Adjustment of Certain Fees

The NFA will adjust its assessment fee for Diminutive Notional Value Contracts ("DNVCs"). Specific policies that will apply include the following:

• The NFA assessment fee for DNVCs shall be $0.00008 per round-turn, with a minimum fee of $.01 per round-turn in the event that a customer trades less than 100 contracts.
• If any computation results in a fraction of a cent, the fee should be rounded to the nearest penny;
• In addition to adopting this fee, the Board has also at this time decided to adopt this fee structure for security futures products.

The Effective Rule from September 1, 2012 (Revised January 3, 2013).

See: NFA Interpretive Notice 9067.See also: NFA Proposed Amendment to NFA Bylaw 1301 (November 20, 2012).