The purpose of this Business Continuity Plan (BCP) summary is to ensure our clients that Devenir has a business continuity plan with detailed policies and procedures, which we will employ in the event of a Significant Business Disruption (SBD).
Devenir’s policy is to respond to a Significant Business Disruption (SBD) by taking reasonable measures designed to safeguard employees’ lives and Firm property, making a financial and operational assessment, quickly, as practicable, recovering and resuming operations, protecting the Firm’s books & records and allowing our clients to transact business. Devenir maintains alternate backup locations, but in the event that we determine we are unable to conduct business, we will take appropriate steps towards assuring clients prompt access to their funds and securities.
Our plan anticipates two kinds of SBDs, internal and external. Internal SBDs affect only our Firm’s ability to communicate and do business, such as a flood or fire in our building. External SBDs prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a blackout or a wide-scale, regional disruption. Our response to an external SBD relies more heavily on other organizations and systems.