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US market tech regulations go live amid concerns

Reg SCI is now in effect but concerns remain that its scope is too limited to prevent technology mishaps

US market tech regulations go live amid concerns

US rules aimed at preventing future technology meltdowns have gone into effect today, with significant work ahead for market infrastructure providers that come under their remit.

Dubbed Regulation Systems Compliance and Integrity, or Reg SCI, the new rules authored by the Securities and Exchange Commission cover stock self-regulatory organisations, some alternative trading system providers, market data dissemination businesses and certain clearing agencies.

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