Business Continuity Planning
Instructors: TBD
Description: Business Continuity Planning (BCP) is much more than data storage and recovery. Disasters across the country in recent years have highlighted the importance of an effective BCP process to ensure that firms survive these and similar events, fulfill their fiduciary obligations to clients, adhere to regulations and maintain the safety of their employees.
Best practices dictate that firms develop, test and maintain a scenario-based plan that considers not only data integrity, but all mission-critical aspects of the business, including human assets. In the adopting release to the Compliance Programs Rules, the SEC referred to BCP as one of several areas that firms, “at a minimum,” are expected to address. The SEC routinely requests these plans during examinations and appears to be issuing deficiencies in this area with increased frequency.
This seminar will provide the framework for developing a sound BCP process with a special emphasis on some of the lessons that can be learned from recent disasters of varying magnitude as well as from examiner expectations.
Learning Objectives:
- Review the regulatory and compliance background of BCP to help manage compliance expectations
- Examine Disaster Recovery/Business Continuity Planning concepts to develop the most appropriate process that minimizes liability and improves safety for your firm
- Discuss actual Disaster Recovery/Business Continuity examples to help evaluate what processes might work effectively for your firm’s business and its employees
For whom:
- Chief Compliance Officers
- Business Continuity Planning Officers
- Compliance Staff at all levels
- IT personnel
- Legal counsel
- Management
Suggested Skill Level: Intermediate
Prerequisites for participation: No prerequisites are required. However, attendees can benefit by reviewing the Advisers Act of 1940, the Investment Company Act of 1940 and the Securities Exchange Act of 1934 to become familiar with the structure and terms.
