Get Bcp Template - Finra

This guide provides clear, step-by-step instructions to help users effectively fill out the Business Continuity Plan (BCP) Template provided by Finra. Designed for small introducing firms, this template assists in meeting regulatory requirements while ensuring business continuity during disruptions.

Follow the steps to complete the BCP Template efficiently.

1. Press the ‘Get Form’ button to acquire the BCP Template and open it for completion.
2. Begin by entering your firm name at the designated location on the form.
3. Identify your two emergency contact persons in the section provided, including their names, titles, and contact details.
4. Articulate your firm’s policy regarding business continuity amid significant business disruptions, clearly stating the objectives and storage location of the plan.
5. Document the types of business activities conducted by your firm in the ‘Business Description’ section, detailing your firm's role and services.
6. List the office locations of your firm, specifying how employees can access each location.
7. Specify the alternate physical locations for employees in the event of a significant business disruption.
8. Describe how customer access to funds and securities will be managed, emphasizing the entities that hold these assets.
9. Provide details about data backup and recovery processes, outlining responsibilities for maintaining both hard copy and electronic records.
10. Outline procedures for financial and operational assessments, specifying risk evaluations and communication strategies.
11. Identify mission critical systems your firm relies on, clarifying responsibilities between your firm and the clearing firm.
12. Record alternate communications methods for clients, employees, and regulators during disruptions.
13. Document your firm’s relationships with critical business constituents, banks, and counterparties, including contingency plans.
14. Explain how regulatory reporting will continue during a significant business disruption.
15. Conclude by outlining the disclosure of your business continuity plan to customers, including the provided disclosure statement.
16. Finalize the form by obtaining the necessary signatures from senior management to approve the BCP.
17. After completing all sections, ensure you save changes, and utilize options to download, print, or share the template as needed.

Complete your BCP Template online to ensure business continuity and regulatory compliance.