📊SEC Proposes Amendment to Customer Data Regulations in Audit Trail
Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment, as Modified by Amendment No. 1, to the National Market System Plan Governing the Consolidated Audit Trail Regarding the Customer and Account Information System
Summary
The SEC is considering an amendment to the National Market System Plan to modify the customer and account information requirements within the Consolidated Audit Trail. This proposed change aims to streamline data handling while ensuring compliance with existing regulations. The commission has extended the review period for further evaluation of public comments and implications of the amendment.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses a proposed amendment to reduce customer information in the Consolidated Audit Trail, indicating compliance with SEC regulations which may impact business operations, data handling, and privacy practices. The amendment's approval process also suggests a potential regulatory change affecting how businesses manage customer data.