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SEC | RIN: 3235-AN25 | Publication ID: Fall 2023 |
Title: Regulation Systems Compliance and Integrity | |
Abstract:
The Division is considering recommending that the Commission adopt amendments to Regulation SCI that would expand its application to additional key market entities and update certain of its provisions to take account of the evolution of technology and trading since the rule’s adoption in 2014. The proposed expansion would add the following entities to the definition of "SCI entity": registered security-based swap data repositories; registered broker-dealers exceeding an asset or transaction activity threshold; and additional clearing agencies exempted from registration. The proposed updates would amend provisions of Regulation SCI relating to: (i) systems classification and lifecycle management; (ii) third party/vendor management; (iii) cybersecurity; (iv) the SCI review; (v) the role of current SCI industry standards; and (vi) recordkeeping and related matters. Further, the Commission requested comment on whether significant-volume ATSs and/or broker-dealers using electronic or automated systems for trading of corporate debt securities or municipal securities should be subject to Regulation SCI. |
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Agency: Securities and Exchange Commission(SEC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 17 CFR 242.301 17 CFR 242.1000 17 CFR 242.1001 17 CFR 242.1002 17 CFR 242.1003 17 CFR 242.1004 17 CFR 242.1005 17 CFR 249.1900 ... (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 15 U.S.C. 78b 15 U.S.C. 78c 15 U.S.C. 78e 15 U.S.C. 78f 15 U.S.C. 78k-1 15 U.S.C. 78m 15 U.S.C. 78o 15 U.S.C. 78o-3 15 U.S.C. 78q 15 U.S.C. 78q-1 15 U.S.C. 78w(a) ... |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Heidi Pilpel Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5666 Fax:202 942-9695 Email: pilpelh@sec.gov |