SEC Withdraws Cyber Rules for Investment Companies, Advisers

SEC withdraws cyber rules for investment companies, advisers

The Securities and Exchange Commission is pulling back cybersecurity regulations for investment companies and investment advisers proposed under the Biden administration. In a notice last week, the SEC said it was withdrawing pending rules requiring those companies and advisers to develop written policies to address cybersecurity risks and report significant cybersecurity incidents to the commission. It also would have required them to report on…

SEC scraps proposed cybersecurity rules for investment advisers, market participants

The commission offered no rationale for removing rules that would have imposed security requirements on financial services providers.

SEC abandons long list of reform proposals

Wide range of proposals, from market structure to broker conflict issues, dropped The post SEC abandons long list of reform proposals appeared first on Investment Executive.

Mulled cyber rules for investment firms, advisors revoked by SEC

The U.S. Securities and Exchange Commission has withdrawn proposed Biden-era cybersecurity rules that would have mandated investment firms and advisors to establish cyber risk-addressing policies and disclose significant cyber incidents over the past two fiscal years as part of the Trump administration's deregulation efforts. Introduction to Malware Binary Triage (IMBT) Course Looking to level up your skills? Get 10% off using coupon code: MWNE…

SEC's DeFi And Custody U-Turn Gets Nod From Coinbase

The U.S. Securities and Exchange Commission (SEC) has officially taken back a number of controversial proposals that were made when Gary Gensler was chair. One of the most important rules was regulation 3b-16, which tried to make decentralised finance (DeFi) platforms into securities exchanges.  Another important regulation was an enlarged custody rule that would have required all crypto assets to be kept by qualified custodians. This shows that…