Regulatory Alerts2006-01-20
Added
Guidance on Sharing of Suspicious Activity Reports by Securities Broker-Dealers, Futures Commission Merchants, and Introducing Brokers in Commodities
Securities broker-dealers, futures commission merchants, and introducing brokers in commodities may share Suspicious Activity Reports with domestic and foreign parent entities for oversight and compliance purposes. The filing institution must maintain written confidentiality agreements requiring parent entities to protect the reports through appropriate internal controls. Foreign parent entities are prohibited from further disclosing the report or the fact that it was filed, though they may share underlying transaction information that does not reveal the filing. Sharing with non-parent affiliates remains prohibited until further guidance is issued.
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