IIROC postpones business continuity test

The Investment Industry Regulatory Organization of Canada has announced that financial sector business continuity tests which it had planned for this year have been postponed and will instead take place in June 2010.

In a notice to members which was published on November 10th, IIROC states:

“A group of Dealer Members conducted the first successful industry test of their respective business continuity plans in September 2007. At that time Dealer Members also agreed to conduct similar BC Plan tests on a bi-annual basis thereafter. Unfortunately, the market events of 2008 and 2009 made the execution of the subsequent BC Plan test, originally scheduled for 2009, difficult to execute and therefore IIROC has postponed the next test until June 2010.”

•Date: 11th Nov 2009• Region: Canada •Type: Article •Topic: Financial sector
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