---
kind: "section"
citation: "17 C.F.R. § 39.25"
title: "17"
number: "39.25"
heading: "Conflicts of interest."
url: "https://uscodex.org/cfr/17/39.25"
---

# §39.25. Conflicts of interest.


A derivatives clearing organization shall:

- (a) Establish and enforce rules to minimize conflicts of interest in the decision-making process of the derivatives clearing organization;
- (b) Establish a process for resolving such conflicts of interest; and
- (c) Have procedures for identifying, addressing, and managing conflicts of interest involving members of the board of directors.

## Notes

### Amendments

[85 FR 4862, Jan. 27, 2020, as amended at 88 FR 53684, Aug. 8, 2023]

### Authority

Authority: 7 U.S.C. 2, 6(c), 7a-1, and 12a(5); 12 U.S.C. 5464; 15 U.S.C. 8325; Section 752 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, title VII, sec. 752, July 21, 2010, 124 Stat. 1749.

### Source

Source: 76 FR 69430, Nov. 8, 2011, unless otherwise noted.

### Amendments

[85 FR 4862, Jan. 27, 2020, as amended at 88 FR 53684, Aug. 8, 2023]