Emergencies happen in all walks of life, and the financial industry is not exempt from that fact. An emergency plan can give you the peace of mind that should something happen, you are prepared!

FINRA has established an emergency preparedness rule in Rule 4370 that requires firms to create and maintain a business continuity plan that is in line with the scale and scope of the your firm. Also FINRA must be provided with the emergency contact information of your firm.

This business continuity plan must assess your firm’s business and operational risk level, as well as exposure to relevant threats. These threats can range from major medical outbreaks to simple absenteeism. In any case, the potential threat must be recognized and be included in your business continuity plan.

The professionals at Cobia can assist in establishing a business continuity plan or review an existing one to determine if it considers all the necessary factors. Click here to contact us for an evaluation.