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OCC Board Charter

The Board of Directors (the "Board") of The Options Clearing Corporation ("OCC") performs an oversight role to ensure that OCC is managed and operated in a manner consistent with the discharge of OCC's regulatory responsibilities in connection with its provision of clearance and settlement services as an industry utility and its responsibilities as a designated systemically important financial market utility. The Board is responsible for acting as a steward of OCC to make certain OCC has the critical capabilities necessary to achieve its objectives and obligations in a safe, sound, efficient and prudential manner.

The Board's Charter also refers to the Fitness Standards for Directors, Clearing Members and Others and Director Code of Conduct (both adopted by the Board).