Common use of Information Security and Business Continuity Clause in Contracts

Information Security and Business Continuity. (a) Information Security Standards and Reviews. BNYM represents and warrants that it has in place information security standards that are reasonably designed to comply with applicable requirements set forth by its primary regulatory oversight agency or other applicable federal law. BNYM shall notify the Funds as soon as reasonably practical under the circumstances in the event of discovery of a material breach of its systems, applications, networks or sites used to provide services hereunder and, to the extent possible and available, shall advise the Funds of the efforts undertaken to correct those material breaches.