Nevada Administrative Code
Chapter 90 - Securities
Section 90.Sec. 9 - NEW
Universal Citation: NV Admin Code 90.Sec. 9
Current through February 27, 2024
1. An investment adviser shall establish, implement and maintain written procedures relating to a plan for business continuity and success.
2. The plan described in subsection 1 must:
(a) Be based upon the facts and circumstances
of the business model of the investment adviser, including, without limitation:
(1) The size of the business;
(2) The types of services provided to
clients; and
(3) The number of
business locations of the investment adviser; and
(b) Provide information relating to:
(1) The protection, backup and recovery of
books and records;
(2) Any
alternate means of communications with customers, key personnel, employees,
vendors and service providers, including, without limitation, third-party
custodians and regulators, in the event of a significant business interruption,
the death or unavailability of key personnel or any other disruption or
cessation of any business activity;
(3) An office relocation, if the business
incurs a temporary or permanent loss of a principal place of
business;
(4) The assignment of
duties to qualified responsible persons in the event of the death or
unavailability of key personnel; and
(5) Any efforts taken to minimize service
disruptions and harm to the client, if such disruptions or harm could result
from a sudden significant business interruption.
Added to NAC by Sec'y of State by R018-21A, eff. 6/2/2023
NRS 90.390, 90.750
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