May 9, 2024
Dear SEC, The lack of transparency in the Options Clearing Corporation's (OCC) proposed rule change (SR-OCC-2024-001), which seeks to alter margin requirement computations during turbulent market conditions, worries me as an individual investor. Exhibits 5 and 3 are among the important documents that have substantial redactions that hinder a comprehensive public examination and comprehension, which is necessary for a regulatory change this important. Furthermore, by cutting margin requirements during periods of extreme volatility, the rule seems to prioritize relieving financial strain on Clearing Members who may pose a serious threat to the integrity of the financial system. This strategy might increase systemic risks rather than reduce them, meaning that the idea might need to be rejected until more thorough and transparent information is given to guarantee that all market participants are sufficiently safeguarded. Sincerely, Luka Medvidovic Croatia