FINRA Proposes to Maintain Business Continuity Rule

January 3rd, 2022, 12:00 AM

After conducting a "Pandemic Review", the Financial Industry Regulatory Authority (FINRA) will leave Rule 4370 (Business Continuity Plans and Emergency Contact Information) intact. 

FINRA stated, "The review and feedback from member firms confirmed the continuing value and effectiveness of Rule 4370 and its flexible, non-prescriptive approach." According to ThinkAdvisor, the majority of feedback received indicated that Rule 4370 "works well and expressed the view that the rule's flexible, non-prescriptive, and risk-based approach has been effective in ensuring firms of all sizes are prepared for potential business disruptions." 

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

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Blog

FINRA Proposes to Maintain Business Continuity Rule

January 3rd, 2022, 12:00 AM

After conducting a "Pandemic Review", the Financial Industry Regulatory Authority (FINRA) will leave Rule 4370 (Business Continuity Plans and Emergency Contact Information) intact. 

FINRA stated, "The review and feedback from member firms confirmed the continuing value and effectiveness of Rule 4370 and its flexible, non-prescriptive approach." According to ThinkAdvisor, the majority of feedback received indicated that Rule 4370 "works well and expressed the view that the rule's flexible, non-prescriptive, and risk-based approach has been effective in ensuring firms of all sizes are prepared for potential business disruptions." 

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

Return to All