16 CFR §1000.9
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Three members of the Commission constitute a quorum for the transaction of business. If there are only three members serving on the Commission, two members constitute a quorum. If there are only two members serving on the Commission because of vacancies, two members constitute a quorum, but only for six months from the time the number of members was reduced to two.