Last Thursday, the Securities and Exchange Commission unanimously proposed new rules to require certain key market participants to have comprehensive policies and procedures in place surrounding their technological systems.
The SEC’s proposal, which has been given the name “Regulation SCI” is intended to replace the current voluntary compliance program with enforceable rules designed to better insulate the markets from vulnerabilities posed by systems and technology issues.
Read More... [Source: Forex Magnates - Posted by FreeAutoBlogger]
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