Series 79 practice questionmediumBusiness Continuity Planning
Under FINRA Rule 4370, which of the following elements must be specifically addressed in a member firm's business continuity plan (BCP)?
- AAnnual compensation reviews for analysts
- BAlternate means of communication with customers and employees✓ Correct answer
- CDetailed marketing strategies for new products
- DThe firm's lunch and break policies
Explanation
Why B — Alternate means of communication with customers and employees
A BCP requires firms to outline how they will communicate with customers and employees during a disruption. Compensation, marketing, and lunch policies are not required BCP elements and are incorrect here.
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