It is understood Putnam has delayed proposed legislation, which became a cause for concern in the technology industry over fears it could be too burdensome, to give the industry time to come up with alternative proposals.
The proposals are intended to give investors confidence their companies are secured against digital crime and are said to be modeled on requirements in the late 1990s that companies disclose their Y2K readiness in securities filings.
This article was based on material originally published by ComputerWire.
