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The SEC Proposed Amendments to its Electronic Recordkeeping Requirements

November 23rd | 2021


Last week, the SEC proposed amendments to its electronic recordkeeping requirements for broker dealers, security-based swap dealers, and major security-based swap participants. This Amendment hopes to modernize the original 1997 rule. It will give the aforementioned participants the ability to store their records in either the current requirement (write once, read many) or in an audit trail-alternative. Audit-trail’s would preserve the electronic records in a form that recreates the original record if it is altered, over-written or erased.


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