April 20, 2022
I really cant say I completely understand this rule. You really should have a summary in laymans terms for the average investor (not lawyer) to understand. Alternatively, a competent live contact, ready to clarify any misinterpretation of the text.
From what I do understand of this rule there is zero benefit to it and it should be scrapped immediately.
It seems to be directed to benefit large institutions who cant manage their own risk properly(isnt there an internal compliance dept for this?).
I dont understand why a rule would be proposed to facilitate the consequences of the risks the rule is looking to facilitate. Its seems backwards to me.
More focus on eliminating the risks through enforcement, which the rule aims to facilitate would be the goal here. Not fabricating new ones.