Should institutions implement special training for their Year 2000 business resumption contingency planning?
A.5. As part of the Year 2000 business resumption contingency planning process, management should ensure that appropriate employees are trained to implement the plan. Such training will help to ensure that personnel can work together to prioritize core business processes and establish critical paths or timelines to resume operations or implement work-arounds in the event of a disruption. Accordingly, the plan may be used to communicate to employees what is expected of them in the event of a Year 2000 disruption. It should contain sufficient detail so employees can implement the contingency plan effectively. Information on procedures for responding to Year 2000 events and operational failures should be easily accessible to the employees responsible for implementing them. Key Milestone Q.6. When does the FCA expect System institutions to complete their Year 2000 business resumption contingency planning? How often should business resumption contingency plans be updated? A.6. FCA’s Informa
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