; or (B) impose any material anticompetitive burden on trading or clearing. (j) Designation of chief compliance officer (1) In general Each digital commodity broker and digital commodity dealer shall designate an individual to serve as a chief compliance officer. (2) Duties The chief compliance officer shall— (A) report directly to the board or to the senior officer of the registered digital commodity broker or registered digital commodity dealer; (B) review the compliance of the registered digital commodity broker or registered digital commodity dealer with respect to the registered digital commodity broker and registered digital commodity dealer requirements described in this section; (C) in consultation with the board of directors, a body performing a function similar to the board, or the senior officer of the organization, resolve any conflicts of interest that may arise; (D) be responsible for administering each policy and procedure that is required to be established pursuant to this section; (E) ensure compliance with this Act (including regulations), including each rule prescribed by the Commission under this section; (F) establish procedures for the remediation of noncompliance issues identified by the chief compliance officer through any— (i) compliance office review; (ii) look-back; (iii) internal or external audit finding; (iv) self-reported error; or (v) validated complaint; and (G) establish and follow appropriate procedures for the handling, management response, remediation, retesting, and closing of noncompliance issues. (3) Annual reports (A) In general In accordance with rules prescribed by the Commission, the chief compliance officer shall annually prepare and sign a report that contains a description of— (i) the compliance of the registered digital commodity broker or registered digital commodity dealer with respect to this Act (including regulations)