002-10 Wyo. Code R. §§ 10-9 - Business Continuity and Succession Planning

Every investment adviser shall establish, implement, and maintain written procedures relating to a Business Continuity and Succession Plan. The plan shall be based upon the facts and circumstances of the investment adviser's business model including the size of the firm, type(s) of services provided, and the number of locations of the investment adviser. The plan shall provide for at least the following:

(a) The protection, backup, and recovery of books and records.

(b) Alternate means of communications with customers, key personnel, employees, vendors, service providers (including third-party custodians), and regulators, including, but not limited to, providing notice of a significant business interruption or the death or unavailability of key personnel or other disruptions or cessation of business activities.

(c) Office relocation in the event of temporary or permanent loss of a principal place of business.

(d) Assignment of duties to qualified responsible persons in the event of the death or unavailability of key personnel.

(e) Otherwise minimizing service disruptions and client harm that could result from a sudden significant business interruption.

(f) The Secretary of State incorporates by reference NASAA's GUIDANCE ON BUSINESS CONTINUITY AND SUCCESSION PLANNING FOR STATE-REGISTERED INVESTMENT ADVISERS adopted April 13, 2015, located at www.nasaa.org.

Notes

002-10 Wyo. Code R. §§ 10-9

Adopted, Eff. 10/27/2017. Amended, Eff. 2/27/2024.