SEC meets exchanges halfway on Regulation SCI

05/22/2013 | Securities Technology Monitor

The Securities and Exchange Commission extended the commenting period on its proposed Regulation Systems Compliance and Integrity, which would establish standards for annual testing on automated systems, by 45 days. Seventeen national exchanges and Sen. Mike Crapo, R-Idaho, originally asked for a 90-day extension to answer the SEC's 200 questions since only eight comments had been posted by May 9 and the original deadline was May 24. Learn more at SIFMA's Reg SCI Resource Center.

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