BCP Risk Assessment Template for England and Wales

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Key Requirements PROMPT example:

BCP Risk Assessment

"I need a BCP Risk Assessment for our London-based fintech company that specifically addresses our cloud infrastructure vulnerabilities and third-party payment processor dependencies, to be compliant with FCA requirements by March 2025."

Document background
The BCP Risk Assessment is a critical document required for organizations operating in England and Wales to demonstrate their understanding and management of business continuity risks. This document is particularly important in the context of increasing business complexity and regulatory scrutiny. The assessment helps organizations identify potential threats to their operations, evaluate the likelihood and impact of these threats, and develop appropriate mitigation strategies. It serves as both a compliance tool and a practical guide for maintaining operational resilience.
Suggested Sections

1. Executive Summary: Overview of the risk assessment scope and key findings

2. Risk Assessment Methodology: Description of the approach used to identify and assess risks

3. Critical Business Functions: Identification of essential business operations and dependencies

4. Threat Analysis: Detailed analysis of potential threats and vulnerabilities

5. Impact Assessment: Evaluation of potential business impacts of identified risks

6. Control Measures: Existing and recommended risk mitigation strategies

Optional Sections

1. Industry-Specific Risk Analysis: Additional analysis for sector-specific risks when operating in regulated industries

2. Supply Chain Risk Assessment: Analysis of third-party and supplier risks when business has significant supplier dependencies

3. Technology Risk Assessment: Detailed IT and cybersecurity risk analysis when technology is critical to operations

Suggested Schedules

1. Risk Register: Detailed log of all identified risks and their ratings

2. Business Impact Analysis: Detailed analysis of potential impacts on business functions

3. Control Testing Schedule: Timeline and procedures for testing control measures

4. Recovery Time Objectives: Target recovery times for critical business functions

5. Contact Lists: Emergency contacts and key stakeholders

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Civil Contingencies Act 2004: Primary legislation setting requirements for emergency preparedness and defining responsibilities for business continuity planning

Data Protection Act 2018 and UK GDPR: Legislation governing requirements for protecting personal data during disruptions, data breach response planning, and data recovery requirements

Health and Safety at Work Act 1974: Establishes workplace safety requirements during disruptions and emergency response procedures

FCA Requirements: Financial Conduct Authority regulatory requirements including SYSC (Senior Management Arrangements, Systems and Controls) rules for financial services sector

Bank of England/PRA Requirements: Regulatory requirements specific to banking and insurance sectors for business continuity planning

ISO 22301: International standard for Business Continuity Management Systems - while not law, considered best practice in England and Wales

Companies Act 2006: Legislation covering directors' duties and corporate governance requirements during business continuity situations

Employment Rights Act 1996: Legal framework for employee protection during business disruptions and remote working considerations

Corporate Manslaughter and Corporate Homicide Act 2007: Legislation defining management responsibility and liability during emergencies and business continuity situations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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