New Regulatory Guidance Impact Business Continuity Planning for the Financial Industry


As a result of recent natural disasters, a number of the regulators that oversee the securities industry have jointly issued guidance regarding the business continuity or disaster recovery plans (BCPs) of broker-dealers and investment advisers. The best practices set out in the advisory will set new standards for broker-dealers and investment advisers with respect to their BCPs. These standards will result in broker-dealers and investment advisers reassessing their current BCPs and making determinations as to what action should be taken. The LeGaye Law Firm has issued article on the advisory, including suggested action items related to assessing the business continuity planning process.

Courtesy of the LeGaye Law Firm

Michael Schaps, Co-Author

Daniel E. LeGaye, Co-Author

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