48 Neb. Admin. Code, ch. 7, § 013 - BUSINESS CONTINUITY AND SUCCESSION PLANNING

Every investment adviser registered or required to be registered under the Act shall establish, implement, and maintain written procedures relating to a business continuity and succession plan. The plan shall be based upon the facts and circumstances of the investment adviser's business model including the size of the firm, type(s) of services provided, and the number of locations of the investment adviser. The plan shall provide for at least the following:

013.01 The protection, backup, and recovery of books and records.

013.02 Alternate means of communication with customers, regulators, key personnel, employees, vendors, and service providers, including third party custodians. Such communications shall include, but not be limited to, providing notice of a significant business interruption or the death or unavailability of key personnel or other disruptions or cessation of business activities.

013.03 Office relocation in the event of temporary or permanent loss of a principal place of business.

013.04 Assignment of duties to qualified responsible persons in the event of the death or unavailability of key personnel.

013.05 Otherwise minimizing service disruptions and client harm that could result from a sudden significant business interruption.

Notes

48 Neb. Admin. Code, ch. 7, § 013

Amended effective 6/5/2017. Amended effective 11/27/2019