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FINRA Rule 4370
Member firms must implement and maintain a written business continuity plan in case of an emergency or a significant business interruption.
Rule Overview
Jurisdiction: United States
Regulator: FINRA
Topic: Business Continuity
FINRA Rule 4370Overview
Latest News
A business continuity plan must address the following, as applicable:
- Data back-up and recovery (hard copy and electronic records);
- Mission critical systems;
- Financial and operational assessments;
- Alternative communications between customers and the member firm;
- Alternative communications between the member firm and its employees;
- Alternative work location for employees;
- The impact on critical business constituents, banks, and counterparties;
- Regulatory reporting;
- Communications with regulators; and
- How the member firm will provide customers with prompt access to their funds and securities if the firm determines that it is unable to continue operating.
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