FINRA Broker-Dealer template Procedures: Outside Business Activities of Associated Persons (FINRA Rule 3270)

This legal template addresses the procedures that must be followed by broker-dealers registered with the Financial Industry Regulatory Authority (FINRA) in relation to outside business activities of their associated persons, as mandated by FINRA Rule 3270. Under USA law, this template outlines the guidelines and requirements regarding the participation of registered individuals in business activities outside of their role as associated persons of a broker-dealer. It covers the procedures, disclosures, approvals, and monitoring processes that need to be implemented and adhered to by the broker-dealer firm to ensure compliance with FINRA regulations. The template may include sections on identifying and reporting outside business activities, assessing their compatibility with the broker-dealer's interests, obtaining necessary approvals, monitoring ongoing compliance, and addressing potential conflicts of interest. Overall, this template serves as a guide for broker-dealers to develop their internal policies and procedures governing outside business activities of their associated persons, ensuring compliance with FINRA regulations and safeguarding investor interests.