Hi,

Thank you for the analyses.

> You can find the full proposal and the impact analysis at:
>    https://www.ripe.net/ripe/policies/proposals/2014-05

I see some issues that aren't consistent in the wording of the policy,
especially in terms of Legacy and PI space holders (non-members) and:

> Address space may only be re-allocated to another resource holder who is a
member of an RIR that allows transfers.

Both PI space holders and Legacy holders are not always members of an RIR.
I'm speaking with my RIPE region community member experience here. So it
could be that in for instance ARIN or APNIC all resource holders are members
of the RIR, but here in the RIPE region that isn't (always) the case.