Designated Third Party(D3P)Compliance Service: Face Your Next FINRA Audit With Confidence
The securities and exchange commission (SEC) requires broker-dealers to adhere to numerous regulations,
including SEC Rule 17a-4(f)(3)(vii), which details stringent requirements on how electronic data is stored.
Broker-dealers are required by this rule to retain a designated third party who can independently download
electronically stored information for the SEC’s review.
This requirement enables independent access to this data for any reason,
but most importantly it eliminates the disruptions that can be caused by
personnel changes and obsolete technology. It also makes data available
to be used as evidence in court should a broker-dealer face prosecution.
You know that your organization needs to be compliant and that you
need to be prepared if you face an audit by FINRA, the Financial Industry
Regulatory Authority. But what you may not know is how you can easily
How This Affects You
- You don’t want your company
to be front-page news for
the wrong reasons.
- Your customers only
want to work with brokerdealers
they can trust.
- You need to show compliance
with SEC Rule 17a-4.
- Increasingly, FINRA auditors
are asking for proof that brokerdealers
have established this
important designated thirdparty
- Have documented procedures for
accessing data in your system,
including the types of data that
are subject to regulations?
- Create a System Configuration
Plan (SCP) for each system?
- Have a qualified and
experienced systems analyst
review and validate your
System Configuration Plan?
- Enjoy the credibility of partnering
with the only Fortune 1000
provider of designated
- Have the security of a partner
with the longevity and stability
you need to ensure that the
designated third-party services
are there when needed?
SEC Rule 17a-4 states that broker-dealers must archive their data and routinely review the archiving process.
When you need designated thirdparty
compliance, we’ll be there.
Since 1993, Iron Mountain has been
helping financial services firms
achieve SEC compliance. We were
the very first organization to develop
a set of best practices and to file a
designated third-party undertaking
in accordance with SEC Rule 17a-4.
In the last five years, FINRA, the
primary self-regulatory organization
for broker-dealers, has focused on
prioritizing designated third-party
compliance. To help you meet this
requirement, Iron Mountain offers
its Designated Third Party (D3P)
Our comprehensive D3P service
is available for all types of
electronic records, including
COLD (Computer Output to Laser
Disk), back office, imaged, and
transactional, as well as email and
messaging communications. It offers
compliance for an extraordinarily
broad range of document
management applications, including
client-server to mainframe systems.
Records can be stored in-house or
offsite and on any type of WORM
(Write Once, Read Many) media.
Equally important, the Iron Mountain
Designated Third Party Compliance
service offers options so you can
choose the best solution to fit your
4 of the nation’s top 5 bank holding companies depend on the Iron Mountain Designated Third Party Compliance service
Online enables remote access
by Iron Mountain to your archive
systems for electronic records.
Onsite brings Iron Mountain’s
compliance experts to your facility
to retrieve records from archive
electronic storage media (ESM).