Rules and Regulations Updates

The U.S. Securities and Exchange Commission (SEC) imposes rules to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

Recent updates include enhanced cybersecurity requirements, emphasizing the importance of robust information security measures.

 

The Digital Operational Resilience Act (DORA) is a regulatory framework designed to ensure that the financial sector within the EU maintains operational resilience in the face of growing digital threats.

Key areas of focus include ICT risk management, incident reporting, digital operational resilience testing, third-party risk management, and information sharing.

GDPR regulates data protection and privacy in the European Union, affecting how organizations collect, store, and use personal data.

Compliance with GDPR is crucial for any organization dealing with EU residents' data, ensuring transparency and securing individual rights over their personal information.

FINRA regulates brokerage firms and exchange markets in the United States, ensuring fair and honest markets. Compliance with FINRA rules is essential for maintaining investor confidence and market integrity.
 
 

MiFID II enhances transparency across the EU’s financial markets and standardizes regulatory disclosures for firms, increasing the efficiency of markets and offering greater protection for investors.

While HIPAA is commonly associated with healthcare providers, its regulations can also apply to financial institutions under specific circumstances. Financial institutions that manage or interact with health information...