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I'm not sure if observability is the concern here. Here's a snippet from the security reference:
4. If you have any programs that were created before Version 1 Release 3, use the CHGPGM command
with the FRCCRT parameter to create validation values for those programs. At security level 40, the
system translates any program that is restored without a validation value. This can add considerable
time to the restore process. See the topic "Validation of programs being restored" on page 17 for more
information about program validation.
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