The Securities and Exchange Commission seeks comments regarding the National Futures Association’s (NFA) decision to extend, until December 31, 2009, the terms of its Interpretive Notices allowing registrants to qualify for security futures activities through training rather than by examination. The period for qualifying by training was scheduled to expire on December 31, 2006, at which time an examination was to replace the current training program. However, based on the relatively small number of individuals trading securities futures products, the NFA has concluded that developing and adopting an examination to replace the training program is not cost-effective at this time.

The comment period closes on January 29.