Subject: File No. SR-NSCC-2022-801
From: Maxime Noinin
Affiliation: Retail

April 20, 2022

To whom it may concern,
As a foreign retail investor in the US stock market, it is my opinion that this proposed rule is not in the interest of favoring transparency and market freedom.

Similar policies has been proposed twice before under different guises to try to enact rules to hides and circumvent established rules.
It is my opinion that the proposed rule will be used not to provide market efficiency but will be abused to hide FTDs or other loopholes that have no place in a free market.
I think the effort should be directed more into giving the SEC the means to actually enforce existing rules than writing new rules to be exploited and circumvented .

I'm therefore against the proposed rule.

Regards,