The Investment Industry Regulatory Organization of Canada is advising its members to ensure their business continuity plans are ready to cover situations such as a flu pandemic.

In a notice to members published Monday, IIROC reports that the World Health Organization has maintained the alert level for the H1N1 flu at 6, and, at the same time, that it is emphasizing the moderate severity of the influenza. “This is the same message that the Canadian health authorities are sending to all Canadians,” it adds.

Nevertheless, it reminds firms that its rules require them to have adequate business continuity plans that would enable clients to have prompt access to their assets following a significant business disruption. “Such business continuity plans should cover all sorts of scenarios including flu pandemic,” it notes.

Additionally, the IIROC recommends that firms: continue to monitor the situation and the declarations made by the Canadian health authorities; continue to communicate with staff and advise them to follow the health authorities’ guidelines with respect to hygiene, stay home if they experience any of the flu symptoms and consult their physician when required.

IE