Section 1211.5 - Regulatory Interpretations(a)Authority. The General Counsel may, in his or her discretion, issue a Regulatory Interpretation to a regulated entity or the Office of Finance, providing guidance with respect to the application of any applicable statute, rule, regulation, or order to a proposed transaction or activity. The Director reserves the right to modify, rescind, or supersede a Regulatory Interpretation, with such action being effective only on a prospective basis.(b)Requests. A regulated entity or the Office of Finance may request a Regulatory Interpretation in accordance with § 1211.6 .