; and (B) will not be simultaneously employed by an enterprise or serving as a director of an enterprise. (3) Fiduciary duty All members of CSS Board of Managers shall owe a fiduciary duty to the enterprises prior to the Transfer Date. 314. Transition period (a) Required activities prior to the Transfer Date (1) In general Prior to the Transfer Date, Common Securitization Solutions shall develop, promulgate, and finalize standards that— (A) develop a uniform contractual and disclosure framework for issuers, including issuers other than the enterprises; (B) specify the requirements for loans that may serve as collateral for mortgage-backed securities issued through the Common Securitization Platform, including securities that will be issued by issuers other than the enterprises