BCP DISCLOSURE STATEMENT
Hycroft (the “Firm”) is committed to protecting the interests of our clients. The Firm has created a Business Continuity Plan (“BCP”) that provides for the Firm to continue client service within a reasonable amount of time given the scope and severity of a significant business disruption (“SBD”) by:
- Safeguarding employees’ lives and Firm property,
- Making a financial and operational assessment,
- Quickly recovering and resuming operations,
- Protecting all of the Firm’s books and records, and
- Continuing to provide clients access to our expertise and services to the best of our abilities.
Our Firm does not hold customer accounts or funds, and all client and Firm-related materials are backed up to secure cloud-based storage, therefore an SBD will not impact our customer’s ability to transact business..
In the unlikely event that we determine we are unable to continue our business due to an SBD, we will contact all of our employees using the information listed in the BCP and authorize them to work from home until normal business activities can be resumed. Actual physical office space is not necessary to the continuity of our operations during a dire emergency and for short periods of time. In the event of a long-term SBD, we will consider moving our staff from affected offices to new locations. Each employee has home telephone and/or cellular phone service and secure access to the Firm’s e-mail and business software from their personal computers.
We communicate with our customers using the telephone, e-mail, U.S. Mail, and in-person visits at our Firm or at the customer’s offices. In the event of an SBD, we will assess which means of communication are still available to us, and use the means closest in speed and form (written or oral) to the means that we have used in the past to communicate with the other party. For example, if we have communicated with a party by e-mail, but the Internet is unavailable, we will call them on the telephone and follow up where a record is needed with paper copy in the U.S. Mail.
While no contingency plan can eliminate all risk of service interruption, the Firm continually assesses and updates its BCP to mitigate all reasonable risk. This disclosure is subject to modification. You may request a copy of the Firm’s full plan by contacting the Firm at:
100 Park Avenue,
16th Floor New York,