Proposed resolution:

Change [time.traits.is_fp]/1:

1 The duration template uses the treat_as_floating_point trait to help determine if a duration object can be converted to another duration with a different tick period. If treat_as_floating_point<Rep>::value is true, then Rep is a floating-point type and implicit conversions are allowed among durations. Otherwise, the implicit convertibility depends on the tick periods of the durations. If Rep is a class type which emulates a floating-point type, the author of Rep can specialize treat_as_floating_point so that duration will treat this Rep as if it were a floating-point type. Otherwise Rep is assumed to be an integral type or a class emulating an integral type. [Note: The intention of this trait is to indicate whether a given class behaves like a floating point type, and thus allows division of one value by another with acceptable loss of precision. If treat_as_floating_point<Rep>::value is false, Rep will be treated as if it behaved like an integral type for the purpose of these conversions. — end note]