Email Regulations From The SEC (17a-3 & 17a-4)
Although some may view email archiving as a simple and easy way to govern company emails, it is so much more. Email archive solutions for email regulations enable users to comply with federal regulations and maintain the corporate knowledge stored within their email systems in good working. There are certain regulatory bodies which concern themselves with monitoring the email archiving habits of companies and corporations. For the SEC, two essential rules to know and understand for its email regulations are SEC 17a-3 and SEC 17a-4.
SEC 17a-3 & SEC 17a-4
The main SEC rules which govern the topic of email archiving are SEC 17a-3 and SEC 17a-4. These rules cover various aspects of email archiving but some of the main points are as follows:
- Electronic business records must be archived for 3-6 years, depending on business;
- Email messages have to be stored in a safe, tamperproof way;
- Email must be indexed properly;
- Third-party downloader must be appointed by the company so access to the archived emails is possible;
- Email must be archived in duplicate and stored in different locations.
All of these previously listed rules are created to ensure proper retention and maintenance of email which may have been sent to those outside the company, received from outside parties and interoffice email.
Learning More About Email Regulations
As the years pass by, more and more regulations pertaining to business operations are coming into existence. Federal regulatory authorities want to make sure that companies and corporations are carrying out their daily business operations in the proper manner and institute regulations and laws to mandate. With that said, there are quite a few specific email regulations and laws that are being constantly updated with the ever-changing landscape of electronically-transmitted information.
Email governance regulations have been instituted by authorities such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), to name two of the more prominent names in this regulatory area. Compliance with SEC and FINRA regulations in addition to rules and regulations under the Federal Rules of Civil Procedure (FRCP), Sarbanes-Oxley Act (SOX) and the Health Insurance Portability and Accountability Act (HIPAA) make compliance with email archiving guidelines imperative.
Proper Storage of Company and Corporation Emails
One of the main requirements under a few different SEC and FINRA regulations is that businesses must maintain proper storage of historical company emails. This involves the act of archiving emails and keeping them indexed in such a way so as to produce them quickly. Email preservation with an email archiving solution can be completed with a SaaS solution or on-premise email archiving service. The regulations outline how companies must store their emails, how long they must keep the emails archived and other pertinent rules.
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