; (B) establish a process for resolving conflicts of interest described in subparagraph (A); and (C) disclose fee arrangements from affiliates and third-party service providers, and crypto assets traded on the exchange in which the exchange may have a financial interest. (12) Financial resources (A) In general A registered crypto asset exchange shall have adequate financial, operational, and managerial resources, as determined by the Commission, to discharge each responsibility of the registered crypto asset exchange. (B) Minimum amount of financial resources A registered crypto asset exchange shall possess financial resources that, at a minimum, exceed the total amount that would enable the registered crypto asset exchange to conduct an orderly wind-down of the activities of the registered crypto asset exchange. (C) Additional financial resources for leverage trading The Commission may require such additional financial resources as are necessary to enable a registered crypto asset exchange that offers margined, leveraged, or financed transactions to fulfill the customer obligations of the registered crypto asset exchange. (13) Governance fitness standards (A) Governance arrangements A registered crypto asset exchange shall— (i) establish governance arrangements that are transparent to fulfill public interest requirements; and (ii) at all times, maintain a chief compliance officer and an appropriate compliance and risk management function. (B) Fitness standards A registered crypto asset exchange shall establish and enforce appropriate fitness standards for— (i) directors; (ii) any individual or entity with legal or technological authority to execute the settlement activities of the registered crypto asset exchange; (iii) any individual or entity with direct access to any custodian affiliated with the registered crypto asset exchange; (iv) any entity offering affiliated services for the registered crypto asset exchange