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Business Continuity and Disaster Recovery

The Business Continuity and Disaster Recovery questionnaire asks questions to help you build a plan to continue business operations seamlessly during unforeseen events. Particularly, if a party that is essential to your operations is no longer able to operate, the Business Continuity and Disaster Recovery Questionnaire will help you plan accordingly.

Tip: Item E asks "What specific steps will the firm take to minimize the impact of business interruptions encountered by the following third parties…" Members are often confused by this question. The question asks if, for example, your FCM (with branch offices in Chicago and New York) experiences a power outage, you should include contact information (like a phone number to the New York office) that will allow your business to continue to take orders in the meantime.

Additionally, with the busy operations of any firm, Members often forget to review their business continuity plan annually. Don't be subject to this oversight, pick a date to review ALL of your firm's procedures (use the Self-Exam Questionnaire to assist you) and ensure your principal signs-off and approves the review. Click here for more resources about Business Continuity and Disaster Recovery.

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