Singapore legislation
Regulation 11
of Securities and Futures (Approved Holding Companies) Regulations 2005
Regulation 11
Business continuity plan
Subregulation 1
An approved holding company shall maintain at all times a plan of action (referred to in this regulation as a business continuity plan) setting out the procedures and establishing the systems necessary to restore orderly and expeditious operations of the approved holding company, in the event of any disruption to the operations of the approved holding company.
Subregulation 2
An approved holding company shall review the procedures and systems referred to in paragraph (1) on such regular basis as may be specified in the business continuity plan.
Subregulation 3
An approved holding company shall immediately notify the Authority of any activation of its business continuity plan and of any action taken or intended to be taken to restore its operations.
Subregulation 4
An approved holding company shall, within 14 days or such longer period as may be permitted by the Authority, inform the Authority of any material change to the business continuity plan, and shall, at the request of the Authority submit a copy of the new plan to the Authority.