SFC Clarifies Expectations on Use of Cloud and other Virtual Data Storage

The SFC has issued a circular containing welcome guidance on storing records in the cloud and in other kinds of virtual data storage. The circular requires firms which use data storage to take various actions, depending on the kind of data storage arrangements a firm has in place. This circular is therefore a must-read for all SFC licensed firms, whether they are currently using virtual data storage, or are planning to. 

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