A number of papers were prepared by the Staff for the Board discussion. It was noted that the Board responses to the questions in the papers would form the basis of the preliminary views expressed in the DP. The Staff also noted that they were in very early draft stages of the DP and they were seeking comment from the Board members on the key concepts in their papers. The Staff also noted that there were also sections of the papers that were to be presented in the February Board meeting that were incomplete such as in Agenda Paper 3C — additional guidance was required on constructive obligations and obligations to stand aside.
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