http://www.cnbc.com/id/102281056 The superintendent's office also eliminated the proposed requirement that licensees be required to obtain the addresses and transaction data for all parties to a transaction. Instead, relevant firms will only need to obtain that information for their own customers or account holders and, only whenever possible, for counterparties.
Lawsky also eased up on rules for record-keeping, shortening the required time from 10 to seven years for firms to maintain transaction information.
