SEC Reg SCI Systems Compliance
United States1974Consumer ProtectionKey Obligations
- Design, implement, and maintain robust policies for system capacity, integrity, and security
- Conduct annual reviews and risk assessments of systems and controls
- Promptly report systems disruptions, compliance issues, and intrusions to the SEC
- Notify affected participants of material systems issues and remediation steps
- Maintain detailed books and records related to system performance and compliance
- Undergo independent third-party reviews every three years
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Related Regulations
FAQ
What is the purpose of SEC Reg SCI?
To ensure the stability, security, and resilience of the technology systems underpinning the U.S. securities markets.
Who must comply with Reg SCI?
Reg SCI applies to major market infrastructure entities like national securities exchanges, clearinghouses, and certain ATSs.
How often are Reg SCI reviews required?
Entities must conduct annual internal reviews and a third-party independent review at least every three years.
What happens if a firm violates Reg SCI?
Violations can result in SEC enforcement actions, including fines and mandated corrective measures.