Commissioner Wants Cybersecurity Reg SCI Expanded to Advisers and Broker-Dealers

Regulation SCI was adopted by the SEC in November 2014 and requires exchanges, clearinghouses and others to put in place written cyber policies and procedures - but should now be expanded to include advisers, broker-dealers and transfer agents. Thats the view of SEC Commissioner Kara Stein, who, in a recent speech on data usage and regulation, said that she has asked agency Chairman Jay Clayton to prioritize the issuance of what she calls Regulation SCI 2.0.
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