Electronic Data Storage Providers

A public cloud is open for use by the general public and may be owned managed and operated by any organization.

Electronic data storage providers.

The circular sets out requirements for when regulatory records note 2 are kept exclusively with an edsp without a duplicate set of records at the premises of the licensed corporation including the need to seek approval from. In addition to setting out the sfc s expectations for the mitigation of cyber and operational. The securities and futures commission the sfc has issued a circular the circular to licensed corporations lcs on the use of external electronic data storage providers edsps and updated the frequently asked questions on the premises for business and record keeping in light of the circular. And technology services which generate information in the course of using the services and then stored with the providers of such services or other storage providers where that information can be retrieved by the service.

These cloud storage providers are responsible for keeping the data available and accessible and the. Web site created using create react app. On 31 october 2019 the hong kong securities and futures commission sfc published a circular circular on the use of electronic data storage providers edsps by licensed corporations lcs in the circular the sfc has reminded lcs of their obligation to ensure the preservation and integrity of those records or documents they are required to keep under the securities and futures ordinance. Without keeping a duplicate set of records at sfc approved premises.

Servers or devices for data storage at conventional data centres. Regulatory records are records or documents which. Other forms of virtual storage of electronic information. The securities and futures commission sfc issued a circular on 31 october 2019 circular setting out the applicable requirements for a licensed corporation an lc to use external electronic data storage providers edsps for keeping regulatory records exclusively i e.

Examples are the message storage services offered by major email providers photo sharing sites and certain emr providers. Cloud storage is a model of computer data storage in which the digital data is stored in logical pools said to be on the cloud the physical storage spans multiple servers sometimes in multiple locations and the physical environment is typically owned and managed by a hosting company. The sfc defines electronic data service providers as companies that provide public and private cloud services provide services or devices for data storage at conventional data centres provide other forms of virtual storage and provide technology services in which information is generated in the course of service usage and can be. The best cloud storage and file sharing services for 2020.