Secondary Ledger vs. using a Balancing Segment Value

Our Ledger uses different Balancing Segment Values (BSV) to track different participant agreement costs and use intracompany rules to transfer needed transactions.  The corporate BSV is used for GAAP reporting.  I've been asked to research setting up a regulatory ledger which I know can be done by setting up a secondary ledger associated to the primary ledger and post automatically depending on the setup that is used. 

A question was then asked if we could just use another BSV and automatically post the needed transactions from our corporate BSV to this new BSV for regulatory reporting.  Is this possible?

Thanks,