Electronic Data Storage Providers

The securities and futures commission sfc today issued a circular to licensed corporations on the use of external electronic data storage providers edsps note 1.

Electronic data storage providers.

Servers or devices for data storage at conventional data centres. The circular sets out requirements for when regulatory records note 2 are kept exclusively with an edsp without a duplicate set of records at the premises of the licensed corporation including the need to seek approval from. On 31 october 2019 the hong kong securities and futures commission sfc published a circular circular on the use of electronic data storage providers edsps by licensed corporations lcs in the circular the sfc has reminded lcs of their obligation to ensure the preservation and integrity of those records or documents they are required to keep under the securities and futures ordinance. The securities and futures commission sfc issued a circular on 31 october 2019 circular setting out the applicable requirements for a licensed corporation an lc to use external electronic data storage providers edsps for keeping regulatory records exclusively i e.

The securities and futures commission the sfc has issued a circular the circular to licensed corporations lcs on the use of external electronic data storage providers edsps and updated the frequently asked questions on the premises for business and record keeping in light of the circular. Without keeping a duplicate set of records at sfc approved premises. And technology services which generate information in the course of using the services and then stored with the providers of such services or other storage providers where that information can be retrieved by the service. A public cloud is open for use by the general public and may be owned managed and operated by any organization.

Web site created using create react app. Cloud storage is a model of computer data storage in which the digital data is stored in logical pools said to be on the cloud the physical storage spans multiple servers sometimes in multiple locations and the physical environment is typically owned and managed by a hosting company. Regulatory records are records or documents which. These cloud storage providers are responsible for keeping the data available and accessible and the.

Other forms of virtual storage of electronic information. In addition to setting out the sfc s expectations for the mitigation of cyber and operational. As adapted from nist special publication 800 144 vi. Examples are the message storage services offered by major email providers photo sharing sites and certain emr providers.