How do I Write FINRA Policies & Procedures?
Writing a business standard practice for Financial Industry Regulatory Authority (FINRA) compliance is a painstaking process involving many steps. Before you can even begin to write policies and procedures, you must be thoroughly familiar with the “FINRA Rulebook” and, in turn, evaluate the impact it has on your current business operation. It is only through such understanding and careful analysis that you then can draft the requisite policies and procedures for FINRA compliance. Ensure that all company policies, procedures and forms exactly describe current business practice. Re-document as necessary to ensure accuracy and completeness. Review the “FINRA Rulebook” table of contents. Sort current company policies and procedures according to the “FINRA Rulebook” section(s) to which they apply. Compare current company policies and procedures to requirements specified in each “FINRA Rulebook” section. Note informational discrepancies and possible business areas necessitating change to all
