Another criticism of the rule, Mr. Scharfstein said, is that while it purports to provide investors with a true market value for a fund's holdings, it offers significant leeway in determining those valuations.
"Since Baskerville is a neutral and well-known design," Ms. Licko explained, "it allowed me significant leeway in the interpretation, while retaining the familiarity of a classic".
The principals say that they cannot keep experienced teachers in fourth grade, or transfer them there, because of a provision in the teachers union contract that gives teachers with seniority significant leeway in choosing their assignments from year to year.
To help accelerate the payments, regulators also gave the banks significant leeway in handing out the $5.7 billion portion of the aid, potentially undercutting the help to homeowners.
For example, an expatriate assignment may be essential for some high potentials, but you are sure to lose valuable talent if you don't allow significant leeway in when they can go, what they can do and for how long they can be gone.
The state's 2006 landmark climate law, AB 32, set a target for reducing emissions but gave significant leeway to regulators in figuring out how to get there. .
This simple modification results in significant leeway to design a controller that responds more effectively and safely to the dietary habits of the AP user, while maintaining the quadratic program structure of the resulting optimization problem.
In a close game, players have significant leeway to play as they see fit, provided it gives their team a better chance at victory.
Another involves the fairly significant leeway that financial firms have in valuing the securities they trade and hold.
Mr. Little also highlighted how traders have significant leeway to value their bets in the market for financial contracts known as derivatives, which led to the losses for JPMorgan.
