In the manual of the 2011 Freestyle Bar the gray power strap is displayed going through the metal ring:
However, on all of my 2011 Freestyle Bars it is outside of the metal ring. I tried really hard, but I couldn’t get the gray strap through the metal ring. This is actually not much of a problem. The only issue I noticed is that when fully powered the thinker handle for the orange depower strap may eventually slip a bit into the metal ring and then it gets stuck there and it’s a bit hard to get out again.