Regulatory Notice 19-15

FINRA Publishes Consolidated Criteria to Designate Firms for Mandatory Participation in FINRA’s Business Continuity/Disaster Recovery Testing

Summary

As required by SEC Regulation Systems Compliance and Integrity (Regulation SCI), FINRA in 2015 adopted Rule 4380 requiring member firm participation in business continuity and disaster recovery (BC/DR) testing. The rule authorizes FINRA to designate firms that must participate in FINRA’s annual BC/DR test based on established standards, which FINRA first published in Regulatory Notice 15-43 and updated in Regulatory Notice 18-09. This Notice consolidates FINRA’s designation criteria, as previously announced in Notices 15-43 and 18-09, without change.

Questions regarding this Notice should be directed to:

  • Ron Miller, Senior Principal Compliance Analyst, Transparency Services, at (212) 858-5178; or
  • David Chapman, Senior Director, Market Regulation, at (240) 386-4995; or
  • Alex Ellenberg, Associate General Counsel, Office of General Counsel, at (202) 728-8152.