Feb. 29, 2024
Exhibit 5 literally highlights the move from objective and consumer-friendliness to subjective and members-only rulings. The Commission admittedly ceding to the Corporation incrementally like this risks a major bailout that options market participants and taxpayers will be financially forced into when the system fails due to loosened regulation this proposed rule change would effect if approved. Eliminates “committee,” “panel,” and “review (throughout, see strikethroughs).” Special priority to clearing member firms only (page 43).