Information Archiving and Record Keeping
Comprehensive record keeping is the foundation of nearly all compliance requirements. Under CFTC, FINRA, MiFID II, and SEC rules, records of activities and transactions must be archived for five to seven years.
The records that need to be archived are wide-ranging and rules often require data to be stored in a tamper-proof, Write Once, Read Many (WORM) immutable format.
Financial firms also need to demonstrate to regulators that they have sufficient processes and procedures in place to meet archiving and record keeping rules, and should regulators request it, they may be required to retrieve and report records within 72 hours.
This requires firms to have a secure and search-ready information archive that stores data in a compliant format, with the ability to access records quickly.
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