The Investment Industry Regulatory Organization of Canada (IIROC) has announced that industry-wide tests of dealers' business continuity plans will be conducted on a bi-annual basis going forward. Such tests have been conducted in the past, and IIROC has scheduled the next industry test for October 5, 2013. During the upcoming testing, IIROC will focus on the scenario of inaccessibility of dealers’ data centers where business transactions are processed.
While the upcoming test is being conducted on a voluntary basis, IIROC is strongly urging dealers to participate. For more information, see IIROC Notice 12-0279.