NASD members facing first business continuity deadline

The first of three deadlines for compliance to new NASD business continuity rules is rapidly approaching. NASD members have until June 14th to comply with Rule 3500, which requires members to designate two emergency contact persons and provide this information to NASD via an electronic process.

Following this there are two further deadlines. By August 11th all clearing firms and by September 10th all introducing firms must be compliant with Rule 3510 which requires Members to create business continuity plans which meet NASD requirements.

See http://www.continuitycentral.com/news01201.htm for more details.

•Date: 3rd June 2004 •Region: N.America •Type: Article •Topic: Financial sector
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