Mr. Puglisi and Mr. Draper introduced a table listing all the possible options for simplification so far considered and, for each one, a summary of pros and cons with the aim to choose the best way forward and provide a rationale to support it.

Mr. Draper informed that the table includes also some comments conveyed by Mr. Frost, who was not able to join the meeting. The participants examined in details each option and provided some additional observations that have been added to the table. With regard to the “Option 5”, Dr. Manz introduced document SLR-07-09 explaining how the regulations could be grouped together using one of the regulations in each group as a place holder for the common parts of the group.

The meeting observed that the “master” regulation should be, within the relevant group, the most adopted one or the least amended one. Although it was recognised that there is no option without disadvantages, the meeting reached the conclusion that the “Option 6” is the one having more chances to be successful. This option is also in line with the guidance from the SLR Chairman available in document SLR-07-02.

Note: document SLR-07-10 shows the outcome of the 7th SLR meeting.