; or (B) impose any material anticompetitive burden on trading. (11) Conflicts of interest The digital commodity exchange shall— (A) establish and enforce rules to minimize conflicts of interest in its decision-making process; and (B) establish a process for resolving the conflicts of interest. (12) Financial resources (A) In general Each digital commodity exchange shall have adequate financial, operational, and managerial resources, as determined by the Commission, to discharge each responsibility of the digital commodity exchange. (B) Minimum amount of financial resources Each digital commodity exchange shall possess financial resources that, at a minimum, exceed the total amount that would enable the digital commodity exchange to conduct an orderly wind down of its activities. (C) Additional financial resources for leverage trading The Commission may require such additional financial resources as are necessary to enable a digital commodity exchange which offers margined, leveraged, or financed transactions to fulfill its customer obligations. (13) Governance fitness standards (A) Governance arrangements Each digital commodity exchange shall establish governance arrangements that are transparent to fulfill public interest requirements. (B) Fitness standards Each digital commodity exchange shall establish and enforce appropriate fitness standards for— (i) directors; (ii) any individual or entity with direct access to the settlement activities of the digital commodity exchange; (iii) any individual or entity with direct access to any affiliated digital commodity custodian; (iv) any entity offering affiliated services for the digital commodity exchange