Zefram wrote:
Ed Murphy wrote:
Amend Rule 1688 (Power) by appending this text:
A secured change CANNOT be performed except as allowed by an
instrument with power at least as great as that of the rule
defining that change as secured.
I'm dubious about doing it this way round.
Ed Murphy wrote:
I'm not sure that this actually does what you suggest.
What's the flaw in it?
Defining a change as secured is equivalent to making it IMPOSSIBLE
except as allowed by an instrument etc.
That seems pretty much equivalent to mine. The biggest difference that
I see is
Ed Murphy wrote:
threshold defaults to the securing rule's power, but CAN be
altered as allowed by that rule, up to a maximum of 1.1 times
the securing rule's power.
I think it's stupid to allow a threshold higher than the power of the
defining rule. Such a threshold is
Zefram wrote:
Ed Murphy wrote:
threshold defaults to the securing rule's power, but CAN be
altered as allowed by that rule, up to a maximum of 1.1 times
the securing rule's power.
I think it's stupid to allow a threshold higher than the power of the
defining rule. Such a
Ed Murphy wrote:
If the restriction comes from the securing rule, then circumventing
it requires (SR's power + 0.1). If it comes from R1688, then
circumventing it requires (SR's power * 1.1).
Nope. Either way, circumventing it requires only the SR's power: at
that power an instrument can amend
Ed Murphy wrote:
Amend Rule 1688 (Power) by appending this text:
A secured change CANNOT be performed except as allowed by an
instrument with power at least as great as that of the rule
defining that change as secured.
I'm dubious about doing it this way round. You have R1688
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