© 2021 KOR

List of Directors

2021-04-01
KOR LIST OF DIRECTORS 1

Table of Contents

Table of Contents.................................................................................................................. 1

1. List of Officers................................................................................................................... 2

1.1 Chief Executive Officer...........................................................................................................2

1.2 Chief Compliance Officer: ......................................................................................................2

2. Directors: .......................................................................................................................... 2

2.1 Jonathan Thursby..............................................................................................................2

2.2 Jim Moran .........................................................................................................................5

2.3 TBD....................................................................................................................................8

3. Board Committees........................................................................................................... 11
KOR LIST OF DIRECTORS 2

1. List of Officers

1. Chief Executive Officer

Jonathan Thursby is the Chief Executive Officer of KOR Reporting’s CFTC Swap Data Repository (“SDR”), 

offering Dodd-Frank regulatory reporting solutions. Mr. Thursby was previously President of Chicago 

Mercantile Inc.’s CFTC registered SDR from March 2013 to December 2020, pan-Canadian Trade 

Repository (all 13 provinces) from 2014 to 2020 and Australian (ASIC) Derivatives Trade Repository from 

2015 to 2020. Mr. Thursby was further a Director of CME’s EMIR (ESMA) Trade Repository from 2014 to 

2017 and its Chief Executive Officer from 2017 to 2020. Mr. Thursby is a frequent public speaker globally 

promoting the evolution of trade and transaction reporting. 

Mr. Thursby founded KOR Financial and KOR Reporting in February 2021. Prior to his time at CME running 

the global trade repository business line he led CME’s data product development; preceded with business 

and product development roles at Firm 58 (a SaaS post-trade services firm) and Interactive Data 

Corporation – a global provider of pricing and real-time data solutions. 

Mr. Thursby earned his bachelor’s degree from the University of Wisconsin, Madison. 

There are no disciplinary proceedings (or any enumerated items 15(g) of the Exhibit Instructions) involving 

Mr. Thursby. 

2. Chief Compliance Officer:

Tara Manuel is the Chief Compliance Officer of KOR Reporting’s SDR. See Exhibit C for additional 

information about Ms. Manuel. 

2. Directors:

The tables below lists the KOR Reporting Directors, their fitness for the role and their Board committee 

assignments. 

2.1 Jonathan Thursby

CFTC/SEC a Name Jonathan Thursby

CFTC/SEC b Title Chief Executive Officer

CFTC/SEC

c

Date of commencement and, if 

appropriate, termination of present term 

of position April 22, 2021
KOR LIST OF DIRECTORS 3

CFTC/SEC

d

Length of time each present officer, 

director, or governor has held the same 

position Less than one year

CFTC/SEC

e

Brief account of the business experience 

of each officer and director over the last 

five (5) years

Mr. Thursby was previously 

President of Chicago Mercantile 

Inc.’s CFTC registered SDR from 

March 2013 to December 2020, 

pan-Canadian Trade Repository (all 

13 provinces) from 2014 to 2020 

and Australian (ASIC) Derivatives 

Trade Repository from 2015 to 

2020. Mr. Thursby was further a 

Director of CME’s EMIR (ESMA) 

Trade Repository from 2014 to 

2017 and its Chief Executive Officer 

from 2017 to 2020. Mr. Thursby is 

a frequent public speaker globally 

promoting the evolution of trade 

and transaction reporting.

CFTC/SEC

f

Any other business affiliations in the 

securities industry or OTC derivatives 

industry ISDA member

CFTC/SEC g A description of: N/A

CFTC

g(1)

any order of the Commission with respect 

to such person pursuant to section 5e of 

the Act; None

CFTC

g(2)

any conviction or injunction within the 

past 10 years; None

CFTC

g(3)

any disciplinary action with respect to 

such person within the last five (5) years; None

CFTC

g(4)

any disqualification under sections 8b and 

8d of the Act; None
KOR LIST OF DIRECTORS 4

CFTC

g(5)

any disciplinary action under section 8c of 

the Act; and None

CFTC

g(6)

any violation pursuant to section 9 of the 

Act. None

SEC

g(1)

any order of the Commission with respect 

to such person pursuant to Sections 

15(b)(4), 15(b)(6), 19(h)(2), or 19(h)(3) of 

the Exchange Act; None

SEC

g(2)

any conviction or injunction of a type 

described in Sections 15(b)(4)(B) or (C) of 

the Exchange Act within the past ten 

years; None

SEC

g(3)

any action of a self-regulatory 

organization with respect to such person 

imposing a final disciplinary 

sanction pursuant to Sections 6(b)(6), 

l5A(b)(7), or 17A(b)(3)(G) of the Exchange 

Act; None

SEC

g(4)

any final action by a self-regulatory 

organization with respect to such person 

constituting a denial, bar, prohibition, or 

limitation of membership, participation, 

or association with a member, or of access 

to services offered by such organization or 

a member thereof; and None

SEC

g(5)

any final action by another federal 

regulatory agency, including the 

Commodity Futures Trading Commission, 

any state regulatory agency, or any 

foreign financial regulatory authority 

resulting in: None
KOR LIST OF DIRECTORS 5

a finding that such person has made a 

false statement or omission, or has been 

dishonest, unfair, or unethical;

a finding that such person has been 

involved in a violation of any securitiesrelated regulations or statutes;

a finding that such person has been a 

cause of a business having its 

authorization to do business denied, 

suspended, revoked, or restricted;

an order entered, in the past ten years, 

against such person in connection with a 

securities-related activity; or

any disciplinary sanction, including a 

denial, suspension, or revocation of such 

person's registration or license or 

otherwise, by order, a prevention from 

associating with a securities-related 

business or a restriction of such person's 

activities.

CFTC

h

For directors, list any committees on 

which the director serves and any 

compensation received by virtue of their 

directorship.

Mr. Thursby is employed by KOR 

Financial and does not receive 

separate compensation for his 

Board service

CFTC

49.20(c

)(1)(ii)(

B)

A description of the relationship, if any, 

between such members and the SDR or 

any SEF, DCM, or reporting counterparty 

user thereof (or, in each case, affiliates 

thereof, as §49.2(a) defines such term); 

and

Mr. Thursby is an owner and CEO 

of the SDR. 

2.2 Jim Moran

CFTC/SEC a Name Jim Moran
KOR LIST OF DIRECTORS 6

CFTC/SEC

b Title

Independent NonExecutive Director

CFTC/SEC

c

Date of commencement and, if appropriate, 

termination of present term of position April 22, 2021

CFTC/SEC

d

Length of time each present officer, director, 

or governor has held the same position Less than one year

CFTC/SEC

e

Brief account of the business experience of 

each officer and director over the last five (5) 

years

Former Executive 

Director in Market 

Regulation at CME 

Group. Inc. Retired from 

CME in July 2017.

Has worked part time as 

an independent 

Regulatory Consultant 

since 2018. 

CFTC/SEC

f

Any other business affiliations in the 

securities industry or OTC derivatives 

industry None

CFTC/SEC g A description of: N/A

CFTC

g(1)

any order of the Commission with respect to 

such person pursuant to section 5e of the 

Act; None

CFTC

g(2)

any conviction or injunction within the past 

10 years; None

CFTC

g(3)

any disciplinary action with respect to such 

person within the last five (5) years; None

CFTC

g(4)

any disqualification under sections 8b and 8d 

of the Act; None

CFTC

g(5)

any disciplinary action under section 8c of 

the Act; and None

CFTC g(6) any violation pursuant to section 9 of the Act. None
KOR LIST OF DIRECTORS 7

SEC

g(1)

any order of the Commission with respect to 

such person pursuant to Sections 15(b)(4), 

15(b)(6), 19(h)(2), or 19(h)(3) of the 

Exchange Act; None

SEC

g(2)

any conviction or injunction of a type 

described in Sections 15(b)(4)(B) or (C) of the 

Exchange Act within the past ten years; None

SEC

g(3)

any action of a self-regulatory organization 

with respect to such person imposing a final 

disciplinary sanction pursuant to Sections 

6(b)(6), l5A(b)(7), or 17A(b)(3)(G) of the 

Exchange Act; None

SEC

g(4)

any final action by a self-regulatory 

organization with respect to such person 

constituting a denial, bar, prohibition, or 

limitation of membership, participation, or 

association with a member, or of access to 

services offered by such organization or a 

member thereof; and None

SEC

g(5)

any final action by another federal regulatory 

agency, including the Commodity Futures 

Trading Commission, any state regulatory 

agency, or any foreign financial regulatory 

authority resulting in:

a finding that such person has made a false 

statement or omission, or has been 

dishonest, unfair, or unethical;

a finding that such person has been involved 

in a violation of any securities-related 

regulations or statutes;

a finding that such person has been a cause 

of a business having its authorization to do 

business denied, suspended, revoked, or 

restricted; None
KOR LIST OF DIRECTORS 8

an order entered, in the past ten years, 

against such person in connection with a 

securities-related activity; or

any disciplinary sanction, including a denial, 

suspension, or revocation of such person's 

registration or license or otherwise, by order, 

a prevention from associating with a 

securities-related business or a restriction of 

such person's activities.

CFTC

h

For directors, list any committees on which 

the director serves and any compensation 

received by virtue of their directorship.

Will be paid a yearly 

stipend. 

CFTC

49.20(c)(1)(ii)(B)

A description of the relationship, if any, 

between such members and the SDR or any 

SEF, DCM, or reporting counterparty user 

thereof (or, in each case, affiliates thereof, as 

§49.2(a) defines such term); and

Mr. Moran has not had

affiliation or other 

relationships with any 

SDR, SEF, or DCM since 

his retirement from CME 

in 2017.

2.3 TBD

CFTC/SEC a Name

CFTC/SEC b Title

CFTC/SEC

c

Date of commencement and, if 

appropriate, termination of present 

term of position

CFTC/SEC

d

Length of time each present officer, 

director, or governor has held the 

same position

CFTC/SEC

e

Brief account of the business 

experience of each officer and 

director over the last five (5) years
KOR LIST OF DIRECTORS 9

CFTC/SEC

f

Any other business affiliations in the 

securities industry or OTC 

derivatives industry

CFTC/SEC g A description of:

CFTC

g(1)

any order of the Commission with 

respect to such person pursuant to 

section 5e of the Act;

CFTC

g(2)

any conviction or injunction within 

the past 10 years;

CFTC

g(3)

any disciplinary action with respect 

to such person within the last five (5) 

years;

CFTC

g(4)

any disqualification under sections 

8b and 8d of the Act;

CFTC

g(5)

any disciplinary action under section 

8c of the Act; and

CFTC

g(6)

any violation pursuant to section 9 

of the Act.

SEC

g(1)

any order of the Commission with 

respect to such person pursuant to 

Sections 15(b)(4), 15(b)(6), 19(h)(2), 

or 19(h)(3) of the Exchange Act;

SEC

g(2)

any conviction or injunction of a 

type described in Sections 

15(b)(4)(B) or (C) of the Exchange 

Act within the past ten years;

SEC

g(3)

any action of a self-regulatory 

organization with respect to such 

person imposing a final disciplinary 

sanction pursuant to Sections 
KOR LIST OF DIRECTORS 10

6(b)(6), l5A(b)(7), or 17A(b)(3)(G) of 

the Exchange Act;

SEC

g(4)

any final action by a self-regulatory 

organization with respect to such 

person constituting a denial, bar, 

prohibition, or limitation of 

membership, participation, or 

association with a member, or of 

access to services offered by such 

organization or a member thereof; 

and

SEC

g(5)

any final action by another federal 

regulatory agency, including the 

Commodity Futures Trading 

Commission, any state regulatory 

agency, or any foreign financial 

regulatory authority resulting in:

a finding that such person has made 

a false statement or omission, or has 

been dishonest, unfair, or unethical;

a finding that such person has been 

involved in a violation of any 

securities-related regulations or 

statutes;

a finding that such person has been 

a cause of a business having its 

authorization to do business denied, 

suspended, revoked, or restricted;

an order entered, in the past ten 

years, against such person in 

connection with a securities-related 

activity; or

any disciplinary sanction, including a 

denial, suspension, or revocation of 

such person's registration or license 

or otherwise, by order, a prevention 
KOR LIST OF DIRECTORS 11

from associating with a securitiesrelated business or a restriction of 

such person's activities.

CFTC

h

For directors, list any committees on 

which the director serves and any 

compensation received by virtue of 

their directorship.

CFTC

49.20(c)(1)(ii)(B)

A description of the relationship, if 

any, between such members and 

the SDR or any SEF, DCM, or 

reporting counterparty user thereof 

(or, in each case, affiliates thereof, 

as §49.2(a) defines such term); and

3. Board Committees

For the board of directors, as well as each committee referenced in §49.20(c)(1)(i)(A), a list of all members;

Committee Members

Risk and Audit Jim Moran, [TBD]
KOR LIST OF DIRECTORS 12

Appendix A: Exhibits

Regulator  Exhibit  Exhibit Description

CFTC  B-2 Exhibit B, 

Attach a list of the present officers, directors (including an identification of the 

public directors), governors (and, if the Applicant is not a corporation, the 

members of all standing committees grouped by committee), or persons 

performing functions similar to any of the foregoing, of the swap data repository 

or of the entity identified in Item 16 that performs the swap data repository 

activities of the Applicant, indicating for each:

a. Name

b. Title

c. Date of commencement and, if appropriate, termination of present term of 

position

d. Length of time each present officer, director, or governor has held the same 

position

e. Brief account of the business experience of each officer and director over the 

last five (5) years

f. Any other business affiliations in the securities industry or OTC derivatives 

industry

g. A description of:

(1) any order of the Commission with respect to such person pursuant to section 

5e of the Act;

(2) any conviction or injunction within the past 10 years;

(3) any disciplinary action with respect to such person within the last five (5) years;

(4) any disqualification under sections 8b and 8d of the Act;

(5) any disciplinary action under section 8c of the Act; and

(6) any violation pursuant to section 9 of the Act.

h. For directors, list any committees on which the director serves and any 

compensation received by virtue of their directorship.

SEC C Attach as Exhibit C a list of the officers, directors, governors, and persons 

performing similar functions, and the members of all standing committees 

grouped by committee of the applicant or of the entity identified in item 19 that 

performs the security-based swap data repository and securities information 

processor activities of the applicant, indicating for each:
KOR LIST OF DIRECTORS 13

a. Name

b. Title

c. Dates of commencement and, if appropriate, termination of present term of 

office or position

d. Length of time each present officer, director, governor, persons performing 

similar functions, or member of a standing committee has held the same office or 

position

e. Brief account of the business experience of each officer, director, governor, 

persons performing similar functions, or member of a standing committee over 

the last five years 9

f. Any other business affiliations in the securities industry or derivatives industry

g. Details of: (1) any order of the Commission with respect to such person 

pursuant to Sections 15(b)(4), 15(b)(6), 19(h)(2), or 19(h)(3) of the Exchange Act; 

(2) any conviction or injunction of a type described in Sections 15(b)(4)(B) or (C) of 

the Exchange Act within the past ten years; (3) any action of a self-regulatory 

organization with respect to such person imposing a final disciplinary sanction 

pursuant to Sections 6(b)(6), l5A(b)(7), or 17A(b)(3)(G) of the Exchange Act; (4) any 

final action by a self-regulatory organization with respect to such person 

constituting a denial, bar, prohibition, or limitation of membership, participation, 

or association with a member, or of access to services offered by such 

organization or a member thereof; and (5) any final action by another federal 

regulatory agency, including the Commodity Futures Trading Commission, any 

state regulatory agency, or any foreign financial regulatory authority resulting in: i. 

a finding that such person has made a false statement or omission, or has been 

dishonest, unfair, or unethical; ii. a finding that such person has been involved in a 

violation of any securities-related regulations or statutes; iii. a finding that such 

person has been a cause of a business having its authorization to do business 

denied, suspended, revoked, or restricted; iv. an order entered, in the past ten 

years, against such person in connection with a securities related activity; or v. any 

disciplinary sanction, including a denial, suspension, or revocation of such person’s 

registration or license or otherwise, by order, a prevention from associating with a 

securities related business or a restriction of such person’s activities.