April 9, 2021
As a retail investor, I am strongly in favour of this change, and I believe it should be implemented without delay.
While emphasising that I would not be in favour of delaying SR-NSCC-2021-801 for any reason I note that there is a lack of any public reporting requirement in the document. I believe that confidence in the markets could further be improved by requiring prompt reporting of occasions when the NSCC chooses to exercise it's proposed discretion to require intra-day SLDs. I also note that the fixed figure of $2 billion referred to on page 14 has the potential to be eroded by inflation, so consideration should be given to index-linking this sum.