Significant Business Plan Disruption Policy
Significant Business Disruption Policy
CMS’ policy is to respond to a Significant Business Disruption (SBD) by safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records and allowing our clients to transact business. In the event that we determine we are unable to continue our business, we will make every effort to advise clients promptly.
Back-up Facilities and Arrangements
CMS maintains access to a back-up site that offers the infrastructure necessary to establish operations in the event that CMS’ primary facility is unavailable. In the unlikely event that both the primary facility and the back-up site are rendered inaccessible, CMS will take all reasonable measures to secure additional facilities and associated infrastructure. CMS has established relationships with several third parties to ensure that every reasonable effort can be made to successfully re-establish operations in a timely manner following an SBD. It should also be noted that the response to any SBD will be dictated by the features of the SBD itself and that a major component of any recovery effort will be the decisions made by CMS’ available staff.
In the event that a localized SBD (building fire, tornado, burst pipe, etc.) or a citywide or regional SBD (power outage, significant weather event, chemical exposure, etc.) affects CMS’ primary facilities, CMS will relocate all available staff and assets to its back-up site and resume operations as promptly as possible.
In the event CMS’ ability to conduct business is limited because of an SBD’s effects on the market or other firms, CMS will continue appropriate operations at its primary facility. Once normal market access is restored, all operations will return to their normal states.
Recognizing that it is impossible to plan for every possible SBD, CMS has made a concentrated effort to ensure that its BCP addresses the most likely SBD scenarios and that the BCP is flexible enough to be useful in any situation. In all foreseeable SBD scenarios, CMS intends to re-establish basic operations within 24 hours of invoking the BCP.