What are the key differences between the general and streamlined max cap procedures?
The key differences of the streamlined procedure are: • Only certain FBOs (those with FHC or SOSA-1 and self-assessed net debit caps) are eligible • Eligible FBOs can only request max caps of up to 100 percent of worldwide capital times the self-assessed cap multiple under the streamlined procedure • Business rationale and board of directors max cap resolution are not required under the streamlined procedure
