Financial Industry Regulatory Authority — Rule 4370 Business Continuity Planning.
The SIB BCDR platform helps you design detailed business continuity plans that meet the requirements of the Financial Industry Regulatory Authority (FINRA) — an autonomous agency that establishes guidelines for safeguarding the interests of investors in the financial sector.
As a member organization, you can stay prepared for any emergency by adhering to Rule 4370 on business continuity plans and emergency contact information. SIB ensures your BCP provides the operational resiliency needed to meet rising customer demands — and honors obligatory FINRA norms including customer communication requirements.
FINRA mandates BCP information is shared with customers in writing and published on your company website
A copy of your BCP must be mailed to customers upon request — SIB keeps this documentation current
FINRA officials audit your plans — SIB ensures they are complete, documented, and defensible
SIB is a flexible platform that lets you adapt your business continuity plans to every mandate of FINRA's Rule 4370.
Rule 4370 requires documented data backup and recovery procedures for both hard copy and electronic records. SIB supports defining recovery strategies, RTO/RPO values, and backup schedules for all critical data assets.
All mission-critical systems must be identified and addressed in your BCP. SIB lets you classify systems by criticality, document dependencies, and define recovery priorities to ensure the most important operations are restored first.
FINRA requires documented alternate communication channels between customers and the firm, and between the firm and employees. SIB's built-in alerts and chat modules provide these channels natively — with records of all communications.
Financial and operational assessments, regulatory reporting, and communications with regulators must all be addressed in your BCP. SIB supports documenting these obligations and assigning ownership to the appropriate personnel.
SIB addresses each of the ten mandated focus areas of FINRA Rule 4370 within a single, unified platform.
Document alternate physical locations for employees to operate from in the event that primary facilities are unavailable — with contact details and activation procedures.
Assess and document the impact on critical business constituents, banks, and counterparties — ensuring third-party dependencies are addressed in recovery planning.
Define how customers will gain prompt access to their funds and securities if the firm is unable to continue operations — a core customer-protection requirement of Rule 4370.
Where a Rule 4370 focus area is not applicable, SIB supports documenting the reasons for omission — keeping your plan audit-ready and defensible when FINRA officials review it.
SIB's integrated emergency notification system sends messages to all stakeholders in the event of a disruption — fulfilling FINRA's requirement to keep customers and regulators informed.
Document your organization's relationship with entities that address one or multiple Rule 4370 focus areas — capturing outsourced functions and external dependencies within the plan.
Explore the platform's capabilities, test its features, and choose a solution that meets your regulatory requirements.