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  • Contingency Planning

    • RM-3.1.15

      Investment firm licensees must maintain contingency funding plans for taking action to ensure, so far as they can, that they can access sufficient liquid financial resources to meet liabilities as they fall due. These plans must also include what events or circumstances may lead to action under the plan being triggered.

      Adopted: July 2007

    • RM-3.1.16

      The contingency funding plan should contain administrative policies and procedures that will enable the licensee to manage the plan's implementation effectively, including:

      (a) The responsibilities of senior management;
      (b) Names and contact details of members of the team responsible for implementing the contingency funding plan;
      (c) Where, geographically, team members will be assigned;
      (d) Who within the team is responsible for contact with head office (if appropriate), analysts, investors, external auditors, press, significant customers, regulators, lawyers and others; and
      (e) Mechanisms that enable senior management and the governing body to receive management information that is both relevant and timely.
      Adopted: July 2007