Generally speaking, yes, but the key word here is 'typically', meaning to me, that the designation CAN get removed under 30 days with proper effort, NOT that it CAN NOT be removed at all until AFTER 30 days.
Look again at the ceo's way of saying it. It is paraphrased like he has no choice but to wait til after 30 days. SEC agencie attorneys themselves specialize in helping remove CE's or is the line referring to an outside attorney who specializes in SEC issues? See the open ended dissimulating there?
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