Some of the reasons required for data or content archiving are listed below:
The main reasons for implementing a data or content archiving system, is to comply with the following legislation or codes of conduct:
- Sarbanes Oxley
- SEC rules 17a-4
- HIPPA
- European Union 8th Directive
These generally require a business to retain key business information. Failure to comply can result in large fines or sanctions.
(Please note that this list is not definitive and you should be aware of particular legislation that may affect your company and hence your specific requirements).
It should also be noted that:
- Companies, company directors, and users can be held liable for failure to retain documents and records
- Electronic documents are admissible before a court of law (UK Civil Evidence Act 1995)
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UK Applicable Laws include:
- Vicarious Liability, e.g.
– Defamation ActSex Discrimination Act
– Privacy
– Data Protection Act
– Human Rights Act
– Regulatory Obligation