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Business Continuity Plan for Kious and Company, Incorporated
Kious and Co. (KCO) is committed to providing the services and
support systems necessary to conduct uninterrupted business under regular and
irregular conditions. The Business Continuity Plan (the "BCP")
provides summary detail on KCO's risk mitigation strategy in the event of
interruption (s) to daily business operations. The plan is designed to
support all KCO obligations to clients and customers in the event of a major
disruption. The BCP is intended to comply with obligations pursuant to
regulatory rules and requirements as promulgated by Finra.
KCO has one main facility and two designated backup facilities within a city-wide
area, and one backup facility outside Albuquerque, to support general business operations (sales, trading, accounting,
operations, information technology). The main and backup locations allow KCO to maintain lines of business in the event that a single area is affected by
disruption. Regardless of the scope of the disruption (firm-only, single
building disruption, and area-wide disruption), KCO believes that its plan
adequately identifies and mitigates our risk as it pertains to business
continuity.
KCO maintains updated contact lists for all employees as well as specific lists
as they relate to disaster recovery responsibilities. We can contact our
employees through a number of methods, including broadcast communication via
email, as well as direct communication to specific employees. They will be
contacted directly in the event of a significant business disruption.
We believe that business continuity planning is a year-round responsibility
demanding participation from all parts of the business with the efforts led by
management. We will identify and communicate in this space a business
recovery site that will be within 25 miles of our regular office location.
In the event of an emergency, key personnel may have to be relocated to our
backup site. Laptops which contain mission critical software, printers,
and back-up tapes of vital operational information exist offsite, and are
immediately accessible in the event of a disruption. Some personal
hardware, such as cell phones may be required.
Mission critical systems are backed up and maintained at a site away from our main office. KCO owns the majority of recovery hardware and specific personal-use hardware
may be required dependent of the extent of disruption.
Our BCP is intended to allow KCO to continue meeting existing obligations in the
event of a disaster. We have evaluated numerous emergency situations and
subsequent solutions and protocol to meet disparate circumstances.
Regardless of all the effort put forth on this vital concern, we acknowledge
that no disaster recovery plan is perfect and cannot address every possible
business disruption scenario. The unpredictable nature of disasters
precludes absolute preparedness for any plan. Certain situations may arise
that affect outside entities upon which we rely for some measure of service or
collaboration. Though our plan has been reviewed, it is possible for
circumstances to arise outside of what has been defined within the plan.
This BCP is subject to change without notice. In the event that the BCP is
modified, KCO will post a notice on this website of such modification. A
copy of the complete BCP is available to all our customers upon request. |