---
kind: "section"
citation: "17 C.F.R. § 39.26"
title: "17"
number: "39.26"
heading: "Composition of governing boards."
url: "https://uscodex.org/cfr/17/39.26"
---

# §39.26. Composition of governing boards.


A derivatives clearing organization shall ensure that the composition of the governing board or board-level committee of the derivatives clearing organization includes market participants and individuals who are not executives, officers, or employees of the derivatives clearing organization or an affiliate thereof.


## Notes

### Amendments

[85 FR 4862, Jan. 27, 2020]

### 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]