Financial institutions subject to Securities Exchange Commission (SEC) Rule 17a-4 are required to meet strict regulations that govern electronic data storage, retention and IT processes. A specific requirement of Rule 17a-4 states that "… every member, broker or dealer exclusively using electronic storage media for some or all of its record preservation must have an arrangement with a third party who can provide the SEC with access to a broker-dealer’s records upon request." Through its Designated Third Party (D3P) service, Globanet assists
financial institutions in meeting the 17a-4 requirement and helps ensure compliance integrity.