NFA Compliance Rule 2-46 will become effective on March 31, 2010. The first quarterly report will be due by May 17, 2010 for the quarter ended March 31, 2010 and must be filed electronically using NFA’s EasyFile System. Under the rule each CPO Member must to report to the NFA the following information for each pool it operates and for which it has any reporting requirement under CFTC Regulation 4.22.

(a) The identity of the pool’s administrator, carrying broker(s), trading manager(s); and custodian(s);

(b) A statement of changes in net asset value for the quarterly reporting period;

(c) Monthly performance for the three months comprising the quarterly reporting period;

(d) A schedule of investments identifying any investment that exceeds 10% of the pool’s net asset value at the end of the quarterly reporting period.