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CORRECTED-U.S. SEC chair floats potential delay to fund data rules following hack
October 4, 2017 / 4:33 PM / 2 months ago

CORRECTED-U.S. SEC chair floats potential delay to fund data rules following hack

(Corrects paragraph two to ‘weekly’ instead of ‘monthly’)

WASHINGTON, Oct 4 (Reuters) - The chairman of the U.S. Securities and Exchange Commission (SEC) has floated a possible delay to new fund data gathering rules following a hack that has raised questions over the regulator’s cyber security controls.

Chairman Jay Clayton told the House Financial Services Committee on Wednesday the SEC was reviewing whether it can adequately protect data it would require funds to report on their monthly performance, since this information could be market sensitive.

Reporting by Michelle Price; Editing by Jeffrey Benkoe

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