Nev. Admin. Code § 90.Sec. 9 - NEW

1. An investment adviser shall establish, implement and maintain written procedures relating to a plan for business continuity and success.

2. The plan described in subsection 1 must:

(a) Be based upon the facts and circumstances of the business model of the investment adviser, including, without limitation:

(1) The size of the business;

(2) The types of services provided to clients; and

(3) The number of business locations of the investment adviser; and

(b) Provide information relating to:

(1) The protection, backup and recovery of books and records;

(2) Any alternate means of communications with customers, key personnel, employees, vendors and service providers, including, without limitation, third-party custodians and regulators, in the event of a significant business interruption, the death or unavailability of key personnel or any other disruption or cessation of any business activity;

(3) An office relocation, if the business incurs a temporary or permanent loss of a principal place of business;

(4) The assignment of duties to qualified responsible persons in the event of the death or unavailability of key personnel; and

(5) Any efforts taken to minimize service disruptions and harm to the client, if such disruptions or harm could result from a sudden significant business interruption.

Notes

Nev. Admin. Code § 90.Sec. 9

Added to NAC by Sec'y of State by R018-21A, eff. 6/2/2023

NRS 90.390, 90.750