News

SEC Guidance on Data Escrow for Broker Dealers

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Software escrow serves as a critical component of risk management strategies for organizations reliant on third-party software services, such as broker-dealers affected by the Securities and Exchange Commission’s (SEC) amendments to electronic recordkeeping requirements. This extended analysis further explores the role of software escrow in addressing the challenges posed by regulatory changes, emphasizing its benefits, […]

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EscrowED: Escrow Required for Election Software in Colorado

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The following is an explanation of the sections of the Colorado Revised Statutes regarding the handling, escrowing, and management of election software and setup records. This legislation aims to ensure transparency, security, and accountability in the use of electronic systems for voting and tabulating election results. Let’s delve into a comprehensive analysis of each section

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Comprehensive Summary of California’s Escrow Regulations for Ballot Tally Software Program Source Codes

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The article delves into the regulatory framework established by the California Code of Regulations concerning the escrow of ballot tally software program source codes. This process involves collaboration between the state, vendors, and escrow companies and is governed by eight distinct articles under Title 2, Division 7, Chapter 6 of the California Code of Regulations. 

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PRAXIS SOC2 Compliance Announcement

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PRAXIS Technology Escrow, LLC has announced that they have completed the SOC 2® Type 1 examination and are officially SOC 2 compliant. Achieving SOC 2 compliance is a significant milestone for PRAXIS, as it demonstrates the company’s commitment to the industry’s highest standards for managing customer source code, data and intellectual property. “PRAXIS works with

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