Electronic Data Storage Providers

In addition to setting out the sfc s expectations for the mitigation of cyber and operational.

Electronic data storage providers. Other forms of virtual storage of electronic information. These cloud storage providers are responsible for keeping the data available and accessible and the. A public cloud is open for use by the general public and may be owned managed and operated by any organization. The sfc defines electronic data service providers as companies that provide public and private cloud services provide services or devices for data storage at conventional data centres provide other forms of virtual storage and provide technology services in which information is generated in the course of service usage and can be.

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. As adapted from nist special publication 800 144 vi. 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. Why waste valuable storage space on your pc or phone when you can store your documents and media in the cloud and share it across devices.

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. Web site created using create react app. Servers or devices for data storage at conventional data centres. Regulatory records are records or documents which.

Without keeping a duplicate set of records at sfc approved premises. 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 best cloud storage and file sharing services for 2020. Examples are the message storage services offered by major email providers photo sharing sites and certain emr providers.