Electronic Recordkeeping Requirements for Broker-Dealers, Security-Based Swap Dealers, and Major Security-Based Swap Participants

Document 2022-22670 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on November 3, 2022, with an effective date of January 3, 2023. The Securities and Exchange Commission ("Commission") is adopting amendments to the recordkeeping rules applicable to broker- dealers, security-based swap dealers, and major security-based swap participants. The amendments modify requirements regarding the maintenance and preservation of electronic records, the use of third- party recordkeeping services to hold records, and the prompt production of records. The Commission also is designating broker-dealer examining authorities as Commission designees for purposes of certain provisions of the broker-dealer record maintenance and preservation rule. View the original at https://www.federalregister.gov/documents/2022/11/03/2022-22670/electronic-recordkeeping-requirements-for-broker-dealers-security-based-swap-dealers-and-major.

No. Document 2022-22670 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.