Letters

SIFMA Submits Rulemaking Petition on SEC Electronic Recordkeeping Requirements

Summary

SIFMA, along with FIA, FSR, FSI, and ISDA, submitted a rulemaking petition to the SEC requesting amendments to Rule 17a-4(f) to no longer require broker-dealers to store records using the “write once, read many” WORM standard, to notify their designated examination authority of their intent to use electronic storage, to have an electronic records audit system, and to employ a third-party downloader.

PDF

Submitted To

SEC

Submitted By

SIFMA, FIA, FSR, FSI, and ISDA

Committee

Technology and Regulation Committee

Date

14

November

2017