Regulation 17 CFR 240.17a-4
Regulation 17 CFR 240.17a-4 or 17a-4 as it is more commonly referred too is a rule issued by the Securities and Exchange Commission which outlines how certain books and records outlined in SEC 17a-3 must be retained. Over the recent years, many firms have taken a “green” approach towards their records, by either converting paper records to electronic records or simply only producing electronic records. When a firm preserves any of their books or records in electronic format, then 17a-4 provide clear direction as to how those records must be stored.
Recordkeeping highlights from SEC 17a-4
If you are an institution that is required to comply with the existing regulations of SEC 17a-4, then you must remember that:
Know your requirements
17a-4 clearly states how electronic records should be preserved and whether a third party is needed. For over 20 years Patrina has acted on behalf of many financial institutions as their Designated Third Party. If 17a-4 pertains to your firm or you think it may, contact Patrina today for a free consultation and let us help you meet your recordkeeping obligations. For more information on 17 CFR 240.17a-4