SEC Tech Update, Money-Fund Tax, NFL Adviser: Compliance
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March 8 (Bloomberg) -- Exchanges and clearinghouses wouldbe required to maintain adequate technology systems and reportdisruptions under a U.S. Securities and Exchange Commission planfor the first update of automation principles in 22 years.
SEC commissioners were set to vote at a meeting yesterdayon measures that could also include large brokerages and darkpools in the requirement to regularly audit information systemsfor safety and stability. Companies would be required to stresstest their automated systems for how they react to crises.