Dodd-Frank Technology Requirements for Hedge Funds

Dodd-Frank Technology Requirements for Hedge Funds

The 800+ page Dodd-Frank Wall Street Reform and Consumer Protection Act will have some serious implications on hedge funds and financial firm’s IT practices. Firms will need to start putting in place the technology to meet Dodd-Frank’s requirements and ACE IT Solutions is here to help businesses sort through the technical requirements so hedge funds can focus on other aspects of meeting the Dodd-Frank Act.

In general, best practices dictate that organizations beef up their data retention and archiving, disaster recovery and business continuity, and security and compliance technologies.

  • Dodd-Frank requires documents be archived for no less than five years
  • All internal and external electronic communications should be retained per the SEC
  • A disaster recovery plan is required under Dodd-Frank and firms need to establish a disaster recovery and business continuity plan to mitigate risks and meet best practices
  • Emergency procedures must be outlined in a business continuity plan according to Dodd-Frank and the SEC
  • High-profile security breaches are resulting in stricter regulations to protect personal information. It is essential that firms understand where investor and employee personal information resides and plan to protect it

ACE IT Solutions can help hedge funds and financial firms navigate the new regulations and take the necessary steps to ensure compliance. We offer comprehensive data security and archiving solutions as well as disaster recovery and business continuity planing services that meet SEC requirements.

We have compiled the following whitepapers to help hedge funds and financial firms understand the technology behind some of the requirements:

Email Archiving as a Business-Critical Technology

A Disaster Recovery Plan in 7 Easy Steps

Business Continuity & Disaster Survival

Contact us at 908-704-0400 to start putting the technology in place to meet Dodd-Frank requirements.