SEC Title VII implementation documentation issues
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Committee: SRO Task Force
Under the current SRO Rules, a full legal review is required for all SROs (for both the initial determination and replenishments), however, it was never established how to fund the number of legal reviews necessary to grow and maintain the SRO List. This has resulted in the current SRO List only covering a small universe of Reference Entities and consisting largely of matured obligations which have not been replaced.