I'm not going to look at each particular amendment, but generally, what these amendments are designed to do is to close the gaps in the legal protections that clearing and settlement systems have, and specifically these newer types of clearing and settlement systems called derivative CCPs. They're to close the gaps in legal protections for those systems.
What we're talking about when we say “legal protections” is protections against the risk that if a major participant defaults in a system, the system operator—the clearing house, the CCP—could be unable to exercise its remedies under the rules of the system, because of stays or unwinding of payments that have already been settled in the system.