Merge1 can help you gain compliance easily, by leveraging your existing infrastructure.
D3P Helping Companies For Over A DecadeOctober 13th, 2017 4:57 pm
“As required by the Securities & Exchange Act of 1934 (Rule 17a-4(f)(3)(vii), broker dealers are required to retain a Designated Third Party for each electronic records archive who can access and assist a regulator with the production of regulatory records.”
Globanet is a proud provider of D3P for nearly two decades. We have been helping companies comply and minimizing the risk of fines and penalties.
Globanet’s D3P has been assisting institutions with regulatory procedures over a variety of e-messaging platforms. Our unique strength is through our ability to combine our extensive knowledge of the legal and regulatory requirements along with archival solutions to match the financial industry’s best practices. Designated Third Party Services is used by thousands of companies for corporate compliance.
Globanet’s Designated Third Party service offers a safe, secure and compliant solution. Through its Designated Third Party (D3P) Service, Globanet assists financial institutions in meeting the SEC’s and CFTC’s requirements, ensures your data is continuously available and helps ensure compliance integrity. Our comprehensive environmental plans not only satisfy the independent third-party requirement, but also help uncover system and configuration issues in advance of an audit. Globanet’s detailed methodology involves analyzing your IT environment and attesting your compliance to the SEC, FINRA, CFTC and/or other regulatory authorities. The result is peace of mind and assurance that your firm has satisfied these requirements in a secure and reliable manner.
– Develop a comprehensive environment plan detailing our access to your electronic records
– Test our procedures to demonstrate and confirm easy record retrieval
– File a Letter of Undertaking with the SEC, FINRA, CFTC and/or other regulatory bodies
– Update your environment plan and test download procedures periodically