Thanks. Do you know if they reviewed the actual, proposed definitions, or just this summary of differences from the current ones, written and published to this list by Tim 17 months ago, which is by its nature rather sketchy? Also, it is worth noting that this summary of differences is now somewhat out of date. For example, the situations with respect to at least items 9, 30 and 35 are all now changed, I believe.
And do we know of anything beyond simply "members of the committee have now looked at this document"? Any idea what has actually *happened*, what the thinking on these things was? What changes are planned or likely to be proposed, and when? What next steps are? I realize that since you (Mark) didn't participate, and, apparently, neither Graham nor Tim were given the opportunity to do so, either (sorry if they were and I've misunderstood), it may be difficult for you to comment more meaningfully. But I believe there are at least two further members of the committee who subscribe to this list; might one of them fill in some more details for us, please?
--
"In the modern world deposits are actually more liquid than
cash, at least for most transactions that don't involve
controlled substances or concrete overshoes."
-- Paul Krugman, _New York Times_, 3 March 2015