domesticinstall.exe for nCipher MSCAPI CSP 5.50 and 5.54 does not use Operator Card Set protected keys when the user requests them but does not generate the Operator Card Set, which results in a lower protection level than specified by the user (module protection only).
http://www.securityfocus.com/bid/4729
http://online.securityfocus.com/archive/1/277241
http://archives.neohapsis.com/archives/bugtraq/2002-05/0103.html