 |
 |
 |
 |
 |
 |
 |
 |
|
Business Continuity Disaster Recovery |
SEC
Books and Records Compliance
Investment Companies Act of 1940 (Records to Be Preserved by Registered Investment Companies,
Rule 31a-2)
Special requirements for
electronic storage media under the Act:
“In
the case of records (contained) on electronic storage
media, the investment company, or the person that
maintains and preserves records on its behalf, must
establish and maintain procedures: 1. To maintain and preserve the
records, so as to reasonably safeguard them from loss,
alteration, or destruction; {27
FR 11994, Dec. 5, 1962, as amended at 38 FR 7797, Mar. 26,
1973; 51 FR 42209, Nov. 24, 1986; 53 FR 3880, Feb. 10,
1988; 66 FR 3734, 3757, 3759, Jan. 16, 2001; 66 FR 29224,
9228, May 30, 2001} Securities Exchange Act of 1934 (Preservations of Records and Reports of Certain Stabilizing
Activities Rule 17)
(f)
(2) If electronic storage media is used by a member,
broker, or dealer, it shall comply with
the following requirements: (iii) Store separately from the original, a duplicate copy of the record stored on any medium acceptable under Rule 17a-4 for the time required. (iv)
Organize and index accurately all information maintained
on both original and any
duplicate storage media. (A) At all times, a member, broker, or dealer must be able to have such indexes available for examination by the staffs of the Commission and the self-regulatory organizations of which the broker or dealer is a member. (B)
Each index must be duplicated and the duplicate copies
must be stored separately from the original copy of each
index. (vi)
The member, broker, or dealer must maintain, keep current,
and provide promptly upon request by the staffs of the
Commission or the self-regulatory organizations of which
the member, broker, or broker-dealer is a member all
information necessary to access records and indexes stored
on the electronic storage media; or place in escrow and
keep current a copy of the physical and logical file
format of the electronic storage media, the field format
of all different information types written on the
electronic storage media and the source code, together
with the appropriate documentation and information
necessary to access records and indexes. Effective June 15, 2002, Uptime Integrated Systems stopped providing free templates to the public. You can contact us at (310) 478-4439 for assistance with your Business Continuity solution. Please
feel free to use these resources to assist you in the
interim:
|
|