A Significant Tool for Asset Managers and Broker-Dealers

  • Ensure all business-related content/communication is retained for regulatory checks
  • Ensure all hard copies and electronic data are retained/records are kept (making them accessible at any time)
  • Ensure internal and external audits are conducted regularly to make sure proper controls are in place; address gaps using the findings
  • The rule of four could make things easy for any organisation
  • Storage — digital storage of information can help employees access content from anywhere
  • Copying — all business-related content sent or received by advisers should be retained in soft or hard copy for regulatory purposes
  • Archiving — this refers to moving data from a primary location to another location, so that it can stored/archived and pulled up when required
  • Destroying — this is another important step in the archiving process. Destroying documents after the stipulated time frame (six years) can help free up space



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/