IIROC’s rules require that Member firms have the appropriate financial and operational safeguards in place to protect customer assets. On July 31, 2006,
Rule 17.16 (formerly Rule 17.19) came into effect requiring all Member firms to have a business continuity plan. The objective of requiring a Member firm to have such a plan (including the regular review and testing of such plan) includes ensuring the Member firm has made adequate preparations to deal with emergency or significant business interruption scenarios and is able to resume service within an acceptable period of time in order to facilitate prompt client access to their assets.
For additional information on this issue, contact
Industry-Wide Business Continuity Test 2017
Other Business Continuity Plan Documents