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Business Continuity Plan

 

Ceros (CEROS) maintains a Business Continuity Plan ("BCP") that provides a course of action for the assessment of a significant disruption to firm business and for the continuation of firm business following such an event. The BCP outlines the steps that CEROS will take to address disruptions to its normal business and assigns responsibility for the assessment of business disruptions and for the execution of business recovery procedures aimed at the resumption of normal business.

The BCP is designed to address significant business disruptions of varying scope including, but not limited to:

  • Disruptions to specific business procedures or systems
  • CEROS-only business disruptions
  • Disruptions to CEROS’s main office facility
  • Regional business disruptions

In each of these scenarios, CEROS’s BCP provides for an evaluation of the scope of the business disruption, and sets forth various plans of action, including re-deployment of personnel to disaster recovery and other alternative facilities for the continuation of the firm's business and alternative means for the dissemination of information to and communication with the firm’s employees, clients, service partners and regulators. The BCP serves as a guide that addresses how CEROS will continue to conduct business during each of the above scenarios.

 

It is CEROS’s intention to minimize the recovery time necessary to resume operations.  The majority of computer systems upon which CEROS relies to conduct business are maintained by CEROS’s clearing broker, National Financial Services, and by other external service providers.  These systems are hosted at secure sites that are remote from CEROS’s business offices and are, for the most part, internet accessible, so that clients can access their accounts and funds even in the event they are unable to contact CEROS. 

 

In the unlikely event that CEROS is unable to continue business following a significant business disruption; designated personnel would oversee and direct how the firm would proceed. Customers should be assured that they will have prompt access to their funds and securities through CEROS’s systems and back up procedures.

CEROS’s disaster recovery site is tested regularly in order to ensure to minimize the recovery time that may attend any significant business disruption.  CEROS’s BCP is subject to modification based on changing circumstances and assessment of need.  The BCP is reviewed periodically, and must be approved annually by a principal of the firm.

 

Changes to CEROS’s BCP may cause this disclosure document to be updated.  In the event this disclosure document is updated, the most current version will be posted to www.cerosfs.com.  You may request hardcopy of this disclosure in its most current revision at any time by contacting CEROS and a copy will be sent to you by mail.