If you have a load of 535 amps you need a conductor that will carry at least 535 amps, you will also need at least 535 amps of overcurrent protection or you will likely trip that overcurrent at some time even there is no overload condition, since 535 is not a standard overcurrent device you are allowed to go the next higher standard size. I agree
Question: why, even without minimum ampacity or overcurrent protection rules, would you want to protect a circuit below the level of the connected load? I am not working on this installation, this was just a hypothetical question that came up. Which in the real world may be a real installation.
You may not really be creating much of an electrical safety hazard, but are creating possible nuisance tripping problems. Maybe