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27. Business continuity plan

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(1)

A licensed foreign 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 foreign trade repository, safe and efficient operations of the licensed foreign trade repository.

(2)

A licensed foreign 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 1

A licensed foreign 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 foreign trade repository, safe and efficient operations of the licensed foreign trade repository.

Subregulation 2

A licensed foreign 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.

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