FINRA/SEC Archiving Obligations Clause Samples
The FINRA/SEC Archiving Obligations clause requires parties to comply with regulatory requirements for retaining and archiving electronic communications and records as mandated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). In practice, this means that firms must implement systems and procedures to securely store emails, messages, and other relevant data for specified periods, ensuring these records are accessible for regulatory review or audits. The core function of this clause is to ensure legal compliance with industry regulations, thereby reducing the risk of penalties and supporting transparency in financial operations.
FINRA/SEC Archiving Obligations. If applicable to you, this agreement does not relieve you from any responsibilities you have under SEC Rules 17a-3 and 17a-4. If you elect to cease using the Company, for some or all of your records preservation, the obligation to maintain and preserve books and records reverts back to you and you must provide written instructions to Company in order to transfer your records to you or an alternative recordkeeping service.
FINRA/SEC Archiving Obligations. If applicable to you, this agreement does not relieve you from any responsibilities you have under SEC Rules 17a-3 and 17a-4. If you elect to cease using Zix, for some or all of your records preservation, the obligation to maintain and preserve books and records reverts back to you and you must provide written instructions to Zix in order to transfer your records to you or an alternative recordkeeping service.