Standards Comparison

    SQF

    Voluntary
    2023

    GFSI-benchmarked certification for food safety management systems

    VS

    U.S. SEC Cybersecurity Rules

    Mandatory
    2023

    U.S. SEC rules for cybersecurity incident disclosures and governance

    Quick Verdict

    SQF ensures food safety certification for global supply chains via audits; U.S. SEC rules mandate rapid cyber incident disclosures for public firms. Food companies adopt SQF for market access; SEC registrants comply to meet investor transparency.

    Agile Scaling

    SQF

    Safe Quality Food Code Edition 9

    Cost
    €€€
    Complexity
    High
    Implementation Time
    6-12 months

    Key Features

    • GFSI-benchmarked modular structure with sector-specific modules
    • Mandatory HACCP-based Food Safety Plan and validation
    • Requires full-time onsite SQF Practitioner with authority
    • Senior management commitment via signed policy and reviews
    • 'Say what you do, do what you say, prove it' philosophy
    Capital Markets

    U.S. SEC Cybersecurity Rules

    Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure

    Cost
    €€€€
    Complexity
    High
    Implementation Time
    6-12 months

    Key Features

    • Four-business-day material incident disclosure on Form 8-K
    • Annual risk management and governance in Regulation S-K Item 106
    • Board oversight and management expertise disclosures
    • Inline XBRL tagging for structured comparability
    • Materiality determination without unreasonable delay

    Detailed Analysis

    A comprehensive look at the specific requirements, scope, and impact of each standard.

    SQF Details

    What It Is

    Safe Quality Food (SQF) Code Edition 9 is a GFSI-benchmarked certification program and HACCP-based management system framework. It ensures food safety and quality across the supply chain, from farm to fork, via modular codes tailored to sectors like manufacturing and storage.

    Key Components

    • **Module 2Universal system elements including management commitment, HACCP Food Safety Plan, verification, traceability, food defense, allergens, training.
    • Sector modules (e.g., Module 11 GMPs for processing).
    • Built on Codex/NACMCF HACCP principles; 20+ mandatory elements.
    • Third-party certification by SQFI-licensed bodies with annual audits.

    Why Organizations Use It

    Provides market access as retailer prerequisite, reduces audit duplication, aligns with FSMA/EU regs. Mitigates recall risks, enhances due diligence, builds food safety culture via leadership accountability.

    Implementation Overview

    Gap analysis, appoint SQF Practitioner, document/implement PRPs and HACCP, internal audits, certification audit. Applies to food manufacturers, storage, all sizes; 6-12 months typical for mid-size sites.

    U.S. SEC Cybersecurity Rules Details

    What It Is

    U.S. SEC Cybersecurity Rules (Release No. 33-11216) is a federal regulation mandating standardized disclosures for public companies. It requires timely reporting of material cybersecurity incidents and annual updates on risk management, strategy, and governance. The approach is materiality-based, aligning with securities law principles without bright-line thresholds.

    Key Components

    • **Form 8-K Item 1.05Four-business-day disclosure of material incidents' nature, scope, timing, and impacts.
    • **Regulation S-K Item 106Annual descriptions of risk processes, board oversight, and management roles in Forms 10-K/20-F.
    • Inline XBRL tagging for structured data. Built on existing disclosure frameworks; no certification, but integrated with SOX controls.

    Why Organizations Use It

    Enhances investor protection via timely, comparable information. Mandatory for Exchange Act filers; reduces asymmetry, supports capital efficiency. Builds trust, mitigates enforcement risks like fines or penalties.

    Implementation Overview

    Phased compliance: incidents from Dec 2023, annual from FYE Dec 2023. Involves gap analysis, playbooks, cross-functional teams, third-party oversight. Applies to all public issuers; no external audit required, but SEC reviews filings.

    Key Differences

    Scope

    SQF
    Food safety management across supply chain
    U.S. SEC Cybersecurity Rules
    Cyber risk disclosure for public companies

    Industry

    SQF
    Food manufacturing, storage, distribution globally
    U.S. SEC Cybersecurity Rules
    All SEC registrants, U.S. public companies

    Nature

    SQF
    Voluntary GFSI-benchmarked certification
    U.S. SEC Cybersecurity Rules
    Mandatory SEC disclosure regulation

    Testing

    SQF
    Annual third-party audits with scoring
    U.S. SEC Cybersecurity Rules
    Internal controls, SEC review of filings

    Penalties

    SQF
    Certification loss, audit failure
    U.S. SEC Cybersecurity Rules
    Fines, enforcement actions, litigation

    Frequently Asked Questions

    Common questions about SQF and U.S. SEC Cybersecurity Rules

    SQF FAQ

    U.S. SEC Cybersecurity Rules FAQ

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