NASD provides guidance to members affected by Hurricane Katrina

NASD has published a short guidance document to address a number of regulatory and compliance issues connected to the Hurricane Katrina disaster. The publication provides guidance on emergency office relocations, continuing education requirements for registered personnel, registered personnel engaged in active military duty, books and records, the handling of customers' funds and securities, and customer communications.

Specific points in the document which relate to business continuity include:

* If a member relocates displaced personnel to a temporary location that is not currently registered as a branch office or identified as a regular non-branch location, members should use their best efforts to provide written notification to NASD as soon as possible.

* Any member affected by Hurricane Katrina who has invoked business continuity measures should contact NASD to discuss the business continuity and contingency plan actions implemented so that NASF can address any problems that have resulted.

Read the document(PDF)

•Date: 6th September 2005 • Region: US• Type: Article •Topic: Financial sector
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