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 The Investment Industry Regulatory Organization of Canada has issued a memorandum reminding member firms about the importance of having business continuity plans in place. The notice reminds members that IIROC Rule 17.16 requires them to have adequate business continuity plans that would enable clients to have prompt access to their assets following a significant business disruption. Such business continuity plans should cover all sorts of scenarios, including influenza pandemics.
The memorandum was issued in response to the current state of the influenza pandemic in Canada, stating that “The World Health Organization has maintained the alert level for the H1N1 flu at 6 and at the
same time emphasizing the moderate severity of the influenza. This is the same message that the Canadian Health authorities are sending to all Canadians.”
In terms of pandemic planning, IIROC recommends that members:
• Continue to monitor the situation and the declarations made by the Canadian Health authorities.
• Continue to communicate with staff and advise them to follow the Health Authorities’ guidelines with respect to hygiene, stay home if they experience any of the flu symptoms and consult their physician when required.
• Ensure business continuity plans are up-to-date and cover business disruptive scenarios, including potential pandemic scenarios.
http://www.iiroc.ca/
•Date: 27th Oct 2009• Region: Canada •Type: Article •Topic: Pandemic planning
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