As Canadian firms brace for new e-discovery rules, they can look to their U.S. counterparts for technology lessons.
By Anne Rawland Gabriel
Time is growing short for Canadian securities firms to prepare for the scheduled April enforcement of the new Canadian National Instrument 31-103 (NI 31-103), regulation that significantly expands record keeping requirements for electronic communications. Fortunately NI 31-103 substantively mirrors U.S. regulations already in place, which means Canadian firms have the opportunity to learn from others’ experiences.
“NI 31-103 is very similar to SEC and FINRA requirements in the U.S.,” substantiates Carolyn DiCenzo, a Gartner research VP. “It’s important to remember that the spirit of the law is communications and not just one particular type of communication, such as e-mail or instant messaging.”
For more see wallstreetandtech.com.
Filed under: Business Technology, CIO, ECM, IT, Legal Technology, Records Management Policies, Regulatory Compliance, email, enterprise content management, internal investigations | Tagged: Corporate compliance, Corporate governance, Data Privacy and Security, data security, e-Discovery, email, enterprise content management, IT, Records Management Policy Development, Regulatory Compliance
