NFA has recently submitted a proposed amendment of NFA Bylaw 1301 to the CFTC.  The proposed amendment includes decreases in assessments for FCM Members.

In summary, the assessments are equal to:

• $.02 (previously $.04) 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
• $.01 (previously $.02) for each option contract traded on or entered into subject to the rules of a contract market on a per trade basis
• $.02 (previously $.04) for each commodity futures contract traded on or entered into subject to the rules of a foreign board of trade (other than an option contract) on a round-turn basis
• $.01 (previously $.02)  for each option contract traded on or entered into subject to the rules of a foreign board of trade on a per trade basis
• $.01 (previously $.02) for each dealer option contract on a per trade basis carried by it for a customer other than a business affiliate of such FCM that directly or indirectly owns 100 percent of or is owned 100 percent by or has 100 percent ownership in common with such FCM Member

These assessments shall be suspended or adjusted by the Board for a period not to exceed three months when in the judgement of the Board such action is appropriate in light of NFAs overall financial goals.  The FCM member shall invoice these assessments to its customer and shall remit the amount due to NFA.

The effective date of the fee adjustment is October 1, 2014.

A more detailed explanation of the proposed amendment can be found here.