Business Continuity Laws And Regulations

Essentially there are two specific types of regulations.

Business continuity laws and regulations. Business continuity and disaster recovery plan cftc commodity futures trading commission nyse rule 446. Mandatory rules or audited guidance documents from official regulatory bodies. Third party relationships of 2001 occ office of the comptroller of the currency oregon ors 646a 622.

Laws influence business continuity and disaster recovery planning among industries published. Changing business processes internally to the institution and externally among interdependent financial services. Compliance with applicable laws and regulations.

The problem is some business professionals are not fully aware of the laws and regulations that require them to go further in establishing a viable and actionable disaster recovery dr and business continuity plan bcp. The business continuity and disaster recovery plan shall be designed to enable the swap dealer or major swap participant to continue or to resume any operations by the next business day with minimal disturbance to its counterparties and the market and to recover all documentation and data required to be maintained by applicable law and regulation. This practice note discusses some of the legal and practical issues arising from the threat of business disruption resulting from pandemics.

A smaller less complex institution may only need an individual business. 11 july 2005 id. Nfa compliance rule 2 38.

This note specifically looks at how you might plan for the mitigation of the effects of these risks in your business continuity disaster recovery or serious incident management and provides some best practices for planning in the event of a pandemic. To keep your business safe and out of the legal penalty box you should take the time to discover if there are business. Baum kristen noakes fry barry runyon summary a multitude of laws and regulations specify or imply requirements for business continuity and disaster recovery planning.

Business continuity and contingency planning nyse new york stock exchange occ 2001 47. Business continuity or disaster recovery regulations may not apply in every business situation a general understanding of legislation governing data integrity availability and compliance is helpful for any organization developing a business continuity strategy. The business continuity institute s bcm legislation regulations standards and good practice publication would be a great place to start.