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Regarding FED, as WMB has stated, they liked their rule on BOO and intended to keep it. Unfortunately, that intent got overlooked when Rule 7 was sync'ed with ASA's rules, wherein most of the Feb rule book adopted most of the ASA's wording and organization of rules.
The harmonization of the rule books was a good thing, it just took Fed too long to correct the error, so the ASA rule became part of Fed's rule book. Even so, in the interim, they (meaning some rule interpreters, exam writers, etc.) offered interpretations to the effect that their old rule should prevail, but, since this contradicted the wording in the book, enforcement was (at best) uneven.
Keeping out of the good or bad issue...
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Tom
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