Wednesday, January 25, 2017
Options Regulatory Alert #2017 - 3
Nasdaq/ISE Announces Regulation SCI BC/DR Testing
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Nasdaq will host its annual Business Continuity and Disaster Recovery Plan test on Saturday, October 14, 2017. Regulation SCI requires that each SCI entity designate its members/participants to take part in an annually scheduled Business Continuity and Disaster Recovery (BC/DR) Plan test. While Nasdaq encourages all Members, Member Organizations, PSX Participants and Options Participants of its markets to participate in testing, Nasdaq PHLX LLC (“PHLX” or “PSX”), The Nasdaq Stock Market LLC (“Nasdaq”), Nasdaq Options Market LLC (“NOM”), Nasdaq BX, Inc. (“BX”), the International Securities Exchange, LLC (“ISE”), ISE Gemini, LLC (“ISE Gemini”) and ISE Mercury LLC (“ISE Mercury”) (collectively “Nasdaq Exchanges”) will designate certain Members, Member Organizations, PSX Participants, and Options Participants, as applicable, that are required to participate in the annual BC/DR plan test. Pursuant to BX and Nasdaq Rules 1170, PHLX Rule 926 and ISE, ISE Gemini and ISE Mercury Rules 803, Supplementary Material .02, the Nasdaq Exchanges have established standards for the designation of applicable Members, Member Organizations, PSX Participants and Options Participants that are required to participate in the annual Business Continuity and Disaster Recovery Plan test. These standards are as follows:
Participants who meet the criteria requiring participation in the annual Business Continuity and Disaster Recovery Test have been notified as of February 3, 2017. If you have not received notification and wish to confirm you are not required to test, please call Market Operations at 1 215 496 1571. |
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