The National Futures Association submitted to the Commodity Futures Trading Commission for its approval amendments to its Articles of Incorporation that will change the makeup of its board of directors. Among other things, if approved, the board will reduce to four persons the number of representatives of commodity pool operators and commodity trading advisers (a decrease of one from the current five), one of whom is a CTA or CPO ranked within the top 5 percent of funds under management allocated to futures and swaps, and another who is ranked within the top 10 percent. Overall, the number of board members will decline from 35 to 29, including a reduction in public directors from 11 to 10. NFA proposes to make the changes effective February 2016. NFA’s board approved these changes in May 2015.