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Following a complaint from an independent producer that, in the wake of the Russell Brand and Jonathan Ross affair, more onerous compliance procedures were putting companies off pitching edgy ideas to the BBC, Thompson said he would look at ways to change it.
Currently, newly public companies that are still in the innovation period are forced to divert those investment funds from groundbreaking research and product development to onerous compliance.
There's truth to that, but in this context it's misleading — like Pai and Commissioner O'Rielly's description of the "onerous" compliance rule yesterday that turned out not to be so onerous after all.
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Banks have been forced by onerous new compliance rules to spend hundreds of millions of dollars recording more details about almost every transaction.
He defends the rules that the defectors found onerous, saying that compliance is required by the various government ministries that allow the institute to operate.
Critics also compare it to the hastily assembled Sarbanes-Oxley Act, written in the aftermath of the Enron scandal, which dictated often onerous and expensive compliance requirements.
This is where the think tanks and lobbyists come in, telling politicians, for instance, that FoFA regulations have to go because compliance is onerous and damaging to the efficiency of business.
For many architects, the hardest part of their job starts after they finish designing a building, when the onerous process of code compliance begins.
"They can't afford the onerous cost [of tax compliance and taxation]," Richardson told me.
Any settlement is likely to include continued monitoring of the bank's compliance program, a potentially onerous cost given its size.
Several European firms have said that they would consider delisting from American exchanges, given the cost of compliance with the law.The most onerous part of the act is Section 404, which came into effect on November 15th.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com