The proposed rules amend Rule 69U-120.001 to delete language that duplicates section 658.16, F.S., regarding good faith reliance on a rule or order of the OFR; Rule 69U-120.003 to remove language that is ambiguous or lacking in delegated authority regarding “foreseeably detrimental” stock option plans, director liability for certain losses, and direct stock bonuses; Rule 69U-120.004 to replace a vague and ambiguous term (“appropriate”) with clear, definite language; Rule 69U-120.005 to update a citation in the introductory paragraph; and Rule 69U-120.045 to delete a reference to an outdated guidebook on auditing standards. The proposed rules also amend Rule 69U-120.670 to delete subsection (1), which duplicates statutory language in section 658.67(11), F.S., delete the definition of “exposure” as a result of the deletion of the portion of the rule that references that term, and update material incorporated by reference (the federal rule on the 20 percent risk weight category in 12 C.F.R. § 324.32(d)(2) applicable to investments in foreign bank deposits). The proposed rules also include new Rule 69U-120.330 to implement section 658.33, F.S., by incorporating by reference proposed forms OFR-U-658-List, List of Directors and Officers, and Form OFR-U-658-Oath, Director’s Oath.