Business Continuity Plan
Chapters in this video
- 0:00 The written plan and the one-time-filing trap
- 1:06 Who approves and reviews: one senior-management registered principal
- 2:18 Customer disclosures: three delivery methods
- 3:36 The website-posting trap versus account-opening paper
- 4:17 FINRA emergency contacts: the two-person structure
- 5:29 Rapid-fire exam recap
What this video covers
- Why the business continuity plan (BCP) must be a written document that is actively maintained, not a one-time filing abandoned in a cabinet
- Who approves and reviews the plan: exactly one person who is both a designated member of senior management and a registered principal
- The three customer disclosure methods: written disclosure at account opening, website posting when the firm maintains a website, and mailing upon request
- Why website posting does not replace the written disclosure required at account opening
- The two-associated-person emergency contact structure reported to the Financial Industry Regulatory Authority (FINRA), and what qualifies each contact
- How to spot exam traps that substitute committees for the single approver, or website posting for account-opening disclosure
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 99 course also includes adaptive practice questions and spaced-repetition flashcards, free through the end of 2026.