The Investment Industry Regulatory organization of Canada (IIROC) announced on Friday that its next bi-annual industry continuity planning test has been set for Oct. 14, 2017.
IIROC’s test will coincide with a similar exercise in the U.S. “to facilitate the participation of organizations that are participating in both the Canadian and U.S. tests,” IIROC says in a notice.
IIROC will be seeking volunteers to take part in the test starting in early January, when it will communicate with firms’ CEOs, chief compliance officers and business continuity planning contacts to find firms willing to participate.
“As has been the case in past tests, we will try and ensure the participation of all of the major industry service providers in the test,” IIROC’s notice says.
The test scenario for 2017 will see IIROC member dealers test “out of their production/primary data processing sites while the service providers will be testing out of their DR data processing sites,” IIROC’s notice says
The self-regulatory organization also noted that it will form a working group to oversee the preparation for the test.
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