Third-Party Service Providers
Published on:
May 19, 2011
SIFMA provides comments to the Financial Industry Regulatory Authority (FINRA) on a proposed new FINRA Rule 3190 relating to third-party service providers, FINRA Regulatory Notice 11-14 . Proposed new FINRA Rule 3190 seeks to clarify a member firm’s obligations and supervisory responsibilities regarding outsourcing arrangements. SIFMA shares concerns over the potential disruption the proposal may have on industry outsourcing arrangements undertaken in conformity with FINRA’s existing regulatory guidance.