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ARTICLE · 13 JANUARY 2015

SEC Adopts Regulation Systems Compliance And Integrity

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On November 19, 2014, the Securities and Exchange Commission ("Commission" or "SEC") voted unanimously to adopt proposed Regulation Systems Compliance and Integrity ("Reg SCI") under the Securities Exchange Act of 1934 ("Exchange Act"), as well as certain conforming amendments ..

United StatesCorporate/Commercial Law
Andre Owens
Andre Owens
Stephanie Nicolas
Stephanie Nicolas
Jeremy Moorehouse
Jeremy Moorehouse
Cherie Weldon
Cherie Weldon
Mahlet Ayalew
Mahlet Ayalew
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On November 19, 2014, the Securities and Exchange Commission ("Commission" or "SEC") voted unanimously to adopt proposed Regulation Systems Compliance and Integrity ("Reg SCI") under the Securities Exchange Act of 1934 ("Exchange Act"), as well as certain conforming amendments to Regulation ATS ("Reg ATS"). Reg SCI is intended "to strengthen the technology infrastructure of the U.S. securities markets, to improve its resilience, and to enhance the Commission's ability to oversee it." The adoption of Reg SCI represents the Commission's latest action in its broader, ongoing efforts to strengthen and reform U.S. equity market structure. As explained by SEC Chair Mary Jo White, Reg SCI "provide[s] greater accountability for those responsible for our critical market systems, helping ensure that such systems operate effectively and that any issues are promptly corrected and communicated to market participants and the Commission."

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