Singapore legislation
Regulation 13
of Securities and Futures (Trade Repositories) Regulations 2013
Regulation 13
Business continuity plan
Subregulation 1
A licensed trade repository 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, in the event of any disruption to the operations of the licensed trade repository, safe and efficient operations of the licensed trade repository.
Subregulation 2
A licensed trade repository shall review and test the procedures and systems referred to in paragraph (1) on such regular basis as may be specified in the business continuity plan.
Subregulation 3
A licensed trade repository 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 safe and efficient operations of the licensed trade repository.
Subregulation 4
A licensed trade repository 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, if requested by the Authority, submit a copy of the new or amended plan to the Authority.