Governance of market infrastructure institutions requires public interest board leadership, director approvals, conflict controls, and periodic performance reviews.

Recognised market infrastructure institutions must follow prescribed governance principles and maintain boards comprising shareholder directors, public interest directors and a managing director. A public interest director must chair the board, and public interest directors must not be fewer than shareholder directors. Director appointments require prior approval, while specified members, participants, associates and agents are restricted from relevant boards. Boards must document their roles, procedures and conflict-management arrangements, and regularly review institutional and individual director performance.

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