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As part of its fiduciary duty to its clients and as a matter of best business practices,
HydePark Group, LLC has adopted policies and procedures for disaster recovery
and for continuing its business in the event of a disaster. These policies are designed
to allow HydePark to resume providing service to its clients in as short a period
of time as possible. These policies are, to the extent practicable, designed to
address those specific types of disasters that HydePark might reasonably face given
its business and location
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Since the terrorist activities of 9/11/2001, all advisory firms need to establish
written disaster recovery and business continuity plans for the firm’s business.
This will allow advisors to meet their responsibilities to clients as a fiduciary
in managing client assets, among other things. It also allows a firm to meet its
regulatory requirements in the event of any kind of disaster, such as bombing, fire,
flood, earthquake, power failure or any other events that may disable the firm or
prevent access to our office(s).
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The Chief Investment Officer is responsible for oversight of the Plan. The Chief
Information Officer is responsible for maintaining and implementing Hydepark’s Disaster
Recover and Business Continuity Plan.
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HydePark has adopted various procedures to implement the firm’s policy and reviews
to monitor and insure the firm’s policy is observed, implemented properly and amended
or updated, as appropriate, which include the following:
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The following individuals have the primary responsibility for implementation and
monitoring of our Disaster Recovery Policy:
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The Chief Information Officer is responsible for documenting computer back-up procedures,
i.e., frequency, procedure, person(s) responsible, etc.
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The Chief Information Officer is responsible for designated back-up storage locations(s)
and persons responsible to maintain back-up data in separate locations.
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The Office Manager/Database Manager is responsible for identifying and listing key
or mission critical people in the event of an emergency or disaster, obtaining their
names, addresses, e-mail, fax, cell phone and other information and distributing
this information to all personnel.
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The Chief Information Officer is responsible for designating and arranging for “hot,”
“warm,” or home site recovery location(s) for mission critical persons to meet to
continue business, and for obtaining or arranging for adequate systems equipment
for these locations.
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The Client Support Manager is responsible for establishing back-up telephone communication
system for clients, personnel and others to contact the firm and for the firm to
contact clients.
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The Chief Information Officer is responsible for determining and assessing back-up
systems for key vendors and mission critical service providers.
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The Chief Information Officer is responsible for conducting periodic and actual
testing and training for mission critical and all personnel.
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HydePark’s disaster recovery systems will be tested periodically.
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HydePark’s disaster recovery plan will be reviewed periodically, and on at least
an annual basis, by the Disaster Recovery Team.
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