Merge pull request #1075 from 0xldr/2024-04-01-12.1.2-amendment

Proposed GOV12.1.2 Amendment

MIP104/MIP104.md

@@ -428,9 +428,7 @@ List of current active Arrangers:
 
 #### 5.1.2: Arranger Standard Fees
 
-Arrangers may charge a maximum reporting fee of 15 basis points per year on top of other fees charged by the structure and the Asset Manager. The fee is calculated based on the utilized Debt Ceiling of the Arranger Vault, and may not be charged up front without a standalone vote by governance for approval. For stable asset Arranger services, Arrangers may charge up to 10 basis points. Any asset reasonably expected to only maintain or grow value, such stablecoins, US government securities, or bank deposits is a stable asset. In the event a single Arranger structure contains both stable assets and non-stable assets, the maximum fee applies proportionately to each part of the portfolio.
-
-An Arranger that is not compliant with *5.1.4* for 60 days or more will not receive further funding from MakerDAO governance or the entities it reports upon until it becomes compliant. In the event the Arranger reports upon multiple entities, the prohibition applies only to the specific entities and Maker vaults where the Arranger is noncompliant.
+Temporarily, no arranger maximum fees are enforced.
 
 #### 5.1.3: Arranger Concentration Risk Management