 The MGB is composed of 9 governors, 4 governors representing market interests, the issuers, the dealers, the salesmen, and the investors, 4 governors that are independent and a representative of PDEx as market operator.The membership was designed to achieve a balance of market interests and independence, to ensure that rule measures are not only in accord with market practice and consistent with market interest but also are aligned with the relevant regulatory principles in applicable global practice and standards and the responsibilities of PDEx as an SRO.The envisioned market structure hopes to establish an SRO that is both a partner with the industry and an enforcer of market rules to participants that have agreed to be bound thereby.