Regulation SCI Proposing Release - Form SCI

Page 1 of ____

Securities and Exchange Commission
Washington, D.C. 20549
Form SCI

SCI-{ name }-YYYY-####
Update No.: _______

SCI Notification and Reporting by: {SCI entity name}
Pursuant to Rule 1000(b) of Regulation SCI under the Securities Exchange Act of 1934
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Commission Notification of SCI Event – Rule 1000(b)(4)
q  (b)(4)(ii) Notification of SCI event

q (b)(4)(iii) Update notification of SCI event

SCI event type(s): q Systems compliance issue

q Systems intrusion

q Systems disruption

Is the event a systems disruption that the SCI entity reasonably estimates would have a material impact
on its operations or on market participants? Yes/No
If yes, has the Commission been notified of the SCI event? Yes/No
Has the SCI event been resolved? Yes/No
Date/time SCI event started:

mm/dd/yyyy

hh:mm am/pm:

Duration of SCI event: hh:mm, or days
Date/time responsible SCI personnel became aware of the SCI event:

mm/dd/yyyy

hh:mm am/pm

Estimated number of market participants impacted by the SCI event: (numeric field)
(Additional information for Section 1 continued on following page)

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Other Commission Notification and Reporting
q  Rule 1000(b)(6) Notification of planned material systems change Date of planned change: mm/dd/yy
Do exigent circumstances exist, or has the information previously provided to the Commission
regarding any planned material systems change become materially inaccurate? Yes/No
If yes, has the Commission been notified orally? Yes/No
q  Rule 1000(b)(8)(i) Report of SCI review
Date of completion of SCI review:

mm/dd/yyyy

Date of submission of SCI review to senior management:

mm/dd/yyyy

q Rule 1000(b)(8)(ii) Semi-annual report of material systems changes
q Rule 1000(b)(9)(iii) Notification of designations and standards under Rule 1000(b)(9)

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(cont.)

Rule 1000(b)(4) (continued)
System Type Impacted

Production

Development

Testing

Trading
Clearance and Settlement
Order Routing
Market Data
Regulation

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

Surveillance
Any system that shares network resources with
any system listed above that, if breached, would
be reasonably likely to pose a security threat to
such system

q

q

q

q

q

q

Systems Disruption in SCI Systems Resulting in:

Failure to maintain service level agreements or constraints
Disruption of normal operations, including switchover to back-up equipment with nearterm recovery of primary hardware unlikely

Check
all that
apply
q

q

Loss of use of any such system

q

Loss of transaction or clearance and settlement data

q

Significant back-ups or delays in processing

q

Significant diminution of ability to disseminate timely and accurate market data

q

Queuing of data between system components or queuing of messages to or from customers
of such duration that normal service delivery is affected

q

For complete Form SCI instructions please refer to [●]

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Exhibit 1:
Rule 1000(b)(4)(ii)
Notification of SCI Event
Add/Remove/View

The SCI entity shall include:
Part 1: All pertinent information known about the SCI event, including: (1) a detailed
description of the SCI event; (2) the SCI entity’s current assessment of the types and
number of market participants potentially affected by the SCI event; (3) the potential
impact of the SCI event on the market; and (4) the SCI entity’s current assessment of the
SCI event, including a discussion of the determination of whether the SCI event is a
dissemination SCI event or not.
Part 2: To the extent available as of the time of the notification: (1) a description of the
steps the SCI entity is taking, or plans to take, with respect to the SCI event; (2) the time
the SCI event was resolved or timeframe within which it is expected to be resolved; (3) a
description of the SCI entity’s rule(s) and/or governing document(s), as applicable, that
relate to the SCI event; and (4) an analysis of parties that may have experienced a loss,
whether monetary or otherwise, due to the SCI event, the number of such parties, and an
estimate of the aggregate amount of such loss.

Exhibit 2:
Rule 1000(b)(4)(iii)
Update Notification of SCI
Event
Add/Remove/View

The SCI entity shall provide an update of any information previously provided regarding
the SCI event on Exhibit 1, including any information under Part 2 of Exhibit 1 which
was not available at the time of submission of Exhibit 1. Subsequent updates shall
update any information provided regarding the SCI event until the SCI event is resolved.

Exhibit 3:
Information Disseminated
Add/Remove/View

The SCI entity shall attach a copy in pdf or html format of any information disseminated
to date regarding the SCI event to its members or participants or on the SCI entity’s
publicly available website.

Exhibit 4:
Rule 1000(b)(6)
Notification of Planned
Material System Changes
Add/Remove/View

The SCI entity shall, absent exigent circumstances, notify the Commission in writing at
least 30 calendar days before implementation of any planned material systems change,
including a description of the planned material system changes as well as the expected
dates of commencement and completion of implementation of such changes. If exigent
circumstances exist, or if the information previously provided to the Commission
regarding any planned material system change has become materially inaccurate, the SCI
entity shall notify the Commission, either orally or in writing, with any oral notification
to be memorialized within 24 hours after such oral notification by a written notification,
as early as reasonably practicable.

Exhibit 5:
Rule 1000(b)(8)(i)
Report of SCI Review
Add/Remove/View

Within 60 calendars days after its submission to senior management of the SCI entity,
the SCI entity shall attach the report of the SCI review of the SCI entity’s compliance
with Regulation SCI, together with any response by senior management.

Exhibit 6:
Rule 1000(b)(8)(ii)
Semi-Annual Report of
Material Systems Changes
Add/Remove/View

Within 30 calendar days after the end of June and December of each year, the SCI entity
shall attach the report containing a summary description of the progress of any material
systems change during the six-month period ending on June 30 or December 31, as the
case may be, and the date, or expected date, of completion of implementation of such
changes.

Exhibit 7:
Rule 1000(b)(9)(iii)
Notification of Designations
and Standards under Rule
1000(b)(9)
Add/Remove/View

The SCI entity shall attach: (1) its standards for designating members or participants it
deems necessary, for the maintenance of fair and orderly markets in the event of the
activation of its business continuity and disaster recovery plans, to participate in the
testing of such plans pursuant to Rule 1000(b)(9)(i); and (2) a list of the designated
members or participants, including the name and address of such members or
participants.

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Contact Information
Provide the following information for the persons responsible for addressing the SCI event:
Systems Personnel:
First Name:
Last Name:
Title:
E-Mail:
Telephone:
Fax:
Regulatory Personnel:
First Name:
Last Name:
Title:
E-Mail:
Telephone:
Fax:
Senior Officer:
First Name:
Last Name:
Title:
E-Mail:
Telephone:
Fax:
Additional Contacts (Optional)
Systems Personnel:
First Name:
Title:
E-Mail:
Telephone:
Regulatory Personnel:
First Name:
Title:
E-Mail:
Telephone:

Last Name:
Fax:
Last Name:

Fax:

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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, { SCI Entity name} has duly caused this
notification to be signed on its behalf by the undersigned duly authorized officer:
Date:
By (Name)
Title (__________)
“Digitally Sign and Lock Form”