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Printer-Friendly Business Continuity Plan Repository Service

NASD Rule 3510 requires securities firms to create, review and maintain an up-to-date written business continuity plan (BCP). Recognizing that not all firms have a secure, off-site facility to store and update their BCP, FINRA has arranged for EVault, a leading provider of network backup and recovery software and services for securities firms, to provide this automated electronic repository service specifically designed for FINRA firms.

The BCP Repository Service, powered by EVault and offered in association with FINRA, provides:

• Remote access – upload, download and modify documents from anywhere with an Internet connection
• Collaboration – smooth document collaboration across authorized users
• Security – over-the-wire encryption of all uploaded and downloaded documents
• Varied authorization levels – different access controls may be granted to individual users in the same account

Firms also have the option of allowing FINRA staff to access critical business continuity materials in times of business disruption. Firms electing this option will have two folders in their vault - one for FINRA access and one that is private and only accessible by the firm.

EVault will offer this service to firms for a fee of $144 per year ($12 per month) for 200MB of available electronic storage space, with a one-time setup fee of $25.

FINRA has arranged for EVault to provide this service as a convenience to FINRA firms. Use of the BCP Repository Service is entirely voluntary and is not required by FINRA rules. Furthermore, use of the BCP Repository Service does not constitute a "safe harbor" with respect to a member firm's obligation to comply with all applicable rules and regulations.

View more information on business continuity planning.