A Business Continuity Plan is required to ensure that essential functions of the organization are able to continue in the event of serious adverse circumstances.
Plan Overview
Saturna Capital Corporation’s Business
Continuity Plan (BCP) provides methods and procedures
for restoration of mission critical
services in the event of a natural or manmade
disaster and other emergencies that result
in partial or total service interruption of its
business. The BCP is maintained at several locations.
SCC’s
Technical Management & Staff
each have an assigned functional role
in each of its area’s BCP to ensure
full remote assistance, and that all key suppliers,
network components, and records are
managed and restored.
For brokerage clients, National Financial Services LLC (NFS) is a broker-dealer and member of the NYSE and FINRA and acts as the clearing firm for Saturna Capital. Your assets are maintained with NFS on our behalf. NFS has also developed a plan to ensure that business continues to run uninterrupted during business emergencies.
Saturna Capital’s Business Continuity Plan serves as an important document to ensure proper communications take place, that its network can be restored in the most efficient manner possible, to keep employees and infrastructure safe, and to minimize inconvenience for its customers.
Plan Key Elements
The BCP contains the following sections:
- Data back-up and recovery (hard copy and electronic);
- All mission critical systems;
- Financial and operational assessments;
- Alternate communications between customers and the firm;
- Alternate communications between the firm and its employees;
- Alternate physical location of employees;
- Critical business constituents, banks, and counter-party impact;
- Regulatory reporting;
- Communications with regulators;
- How we will assure customers’ prompt access to their funds and securities in the event that we determine we are unable to continue our business;
- Step-by-step guide to recovery procedures; and
- Key Supplier Lists & Emergency Contacts (Equipment, Infrastructure, Utilities, Transmission Facilities, Other).
Further Information
It should be noted that SCC maintains 3 power
generation sources in the event of a disaster
(Holly Plaza Generator/Remote Main/Remote
Generator). SCC also has a disciplined Preventative/Routine
Maintenance Program that sends mission critical
data to a wired, remote site daily. Maintenance
Program Compliance records are stored both
on and off site
and are reviewed by Saturna’s
technical staff quarterly. SCC retains all
Database Back-Ups/Copies of volatile network
elements in duplicate,
both on and off site. Vendor Agreements
are in place with critical suppliers in the event
of a disaster which include technical support
procedures
to restore SCC customers and services. SCC’s
BCP is reviewed quarterly by technical staff
and annually by Senior Management to ensure
understanding and compliance.
