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Business Continuity Plan

Introduction

 

The Business Continuity Planning Disclosure Statement summarizes efforts of Gravitas Securities Inc. (‘GSI’) takes to mitigate risks associated with unforeseen business interruptions. GSI’s plan is designed to ensure that our business will continue to function with little or no disruption, that clients’ assets will be secure and accessible, and that clients will be able to reach us regardless of the scope of the situation. GSI has developed a Business Continuity Plan (‘BCP’) on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our BCP.

Contacting GSI

 

Should normal business operations be disrupted, we will continue business at an alternate site or remotely as the situation develops, where we will continue to provide the best service possible. In the unlikely event that you cannot access us through our telephone lines or email, our website will be updated with further information at www.gravitassecurities.com.

 

Our Business Continuity Plan

We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our clients to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

 

Our BCP addresses: data back-up and recovery; all mission critical systems; financial and operational assessments; alternative communications with clients, employees, and regulators; critical suppliers, contractors, bank and counter-party impact; regulatory reporting; and assuring our clients prompt access to their funds and securities if we are unable to continue our business.

 

Our clearing firm, National Bank Independent Network, maintains copies of our important client records. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within a matter of hours.

Your orders and requests for funds and securities could be delayed during this period.

 

Varying Disruptions

 

Significant business disruptions can vary widely in their scope and impact.  Our systems are housed in extremely resilient computing environments so as to minimize any business disruption. We plan to continue in business as seamlessly as possible throughout and update our web site at www.gravitassecurities.com with information as it develops.  If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our clients’ prompt access to their funds and securities and provide additional information on how to do so through our website.

 

For more information

 

If you have questions about our business continuity planning, please contact bcp@gravitassecurities.com

 

Please note that BCP Plans are confidential in nature and are therefore not made available for public distribution.