The Securities and Futures Commission (SFC) published guidelines on the use of external electronic data storage, including public and private clouds, in response to financial institutions’ increased usage of this technology. According to a circular published by the SFC on Thursday, the obligation was placed on Licensed Corporations (LCs) to do due diligence and prepare exit plans for the use…
SFC publishes guidelines on LCs’ use of cloud storage
1 November 2019

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