Business Continuity Summary Disclosure Statement:

Hypatia Capital Group maintains a business continuity plan (BCP) designed to allow the firm to continue serving clients in the event of a business disruption. Since the timing and impact of disasters and disruptions are 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.

 

Our business continuity plan addresses: data backup and recovery; all mission critical systems; financial and operational assessment; alternative communications with clients, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities to the extent held by or under the control of Hypatia if we are unable to continue our business.

 

Hypatia recognizes three levels of business disruptions:

 

Internal disruptions are those that would affect only Hypatia’s offices (for example, an office fire). In the event of a serious internal disruption, operations typically will move either to an alternative Hypatia location in that city or to another Hypatia office.

 

Local external disruptions are those that would affect New York City or other Hypatia locations (such as a blackout). In the event of a serious local disruption, operations will move to the contracted work space recovery site or to another Hypatia office outside of the affected area.

 

External disasters are those that would affect both the region and the securities markets, such as a significant terrorist attack. In the event of an external disaster in which we cannot access Hypatia’s offices, the firm will either move operations to the contracted work space recovery site or to another Hypatia office outside of the affected area or suspend operations for a period of time.

 

In the event of a disaster or other incident affecting a Hypatia third-party vendor, Hypatia will follow the business recovery plan and directions of the affected vendor. Hypatia expects to be in contact with the vendor regarding the status of its recovery effort. Hypatia typically does not rely on any single source vendor. Third-party vendors conducting significant business with Hypatia maintain their own business continuity plans.