Rules Widen the Scope on Business Continuity
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Overview: Many businesses, especially those in heavily regulated industries, have long planned for major disruptions caused by natural disasters, but after the terrorist attacks of Sept. 11, 2001, business people realized they needed to consider business continuity from a broader perspective. The Securities and Exchange Commission also noted the need and approved rules by the National Association of Securities Dealers (NASD) and New York Stock Exchange (NYSE) that require their members and member organizations to create maintain and regularly update business continuity plans.
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