(Reuters) – The highest U.S. markets regulator is about to unveil a brand new effort to manage how broker-dealers and others deal with the danger of hacking and reply to theft of buyer knowledge, persevering with a regulatory drive on cybersecurity within the monetary sector.

The Securities and Alternate Fee’s 5 members are as a consequence of vote March 15 on issuing three new proposals, in line with the company’s web site. Since final 12 months, the fee has unveiled a sequence of cybersecurity proposals citing elevated hazard to public firms and traders.

The Fee will vote on whether or not to suggest requiring broker-dealers, clearing homes and others to handle the danger of hacking by adopting inner insurance policies, alerting the fee to incidents and publicly disclosing them.

An analogous proposal launched final 12 months utilized to funding advisers and drew objections from some trade teams, who mentioned requiring funding companies to report hacking incidents confidentially inside 48 hours may hinder efforts to repair the issue rapidly.

Different proposals into consideration on March 15 embody whether or not to require broker-dealers and cash managers to have applications in place to handle unauthorized entry to buyer data, together with by notifying the individuals affected, and whether or not to broaden the vary of entities topic to SEC guidelines on market expertise and infrastructure.