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Posted

We have a 3-tiered match formula. When testing each tier for BRF, the highest tier fails. How is this corrected? Via QNEC/QMAC?

Posted

1.401(a)(4)-11(g)(2) next to last sentence says you can use corrective amendment to satisfy current availability failure of BRF.

then of course the rest of that section describes what constitutes a corrective amendment - in particular see 1.401(a)(4)-11(g)(3)(vi) Conditions for corrective amendment available for BRF

sorry Tinman, I haven't the 'heart' to give a straight yes or no answer to your question. :P

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