Regulatory Alerts2015-12-23 | 2015-32143System Safeguards Testing Requirements
The Commodity Futures Trading Commission proposes amendments to system safeguards rules for designated contract markets, swap execution facilities, and swap data repositories to enhance cybersecurity testing and risk analysis. The rule clarifies essential testing types, including vulnerability and penetration testing, while establishing minimum frequency requirements and independent contractor testing obligations for covered entities. Additionally, the Commission issues an advance notice of proposed rulemaking to solicit public comment on extending these specific testing requirements to covered swap execution facilities.
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