s 67J Business continuity of designated operating entities
67J.—(1) A designated operating entity or, in the case of a designated operating entity that is a business trust, its trustee-manager, must —(a) maintain at all times a plan of action (called in this section a business continuity plan) that sets out —(i) the procedures and establishes the systems necessary to restore the reliable and secure provision of any essential transport service provided by or through the entity in the event of any disruption to the operations of the designated operating entity carried out in the course of providing the essential transport service; and (ii) such other matters as the Authority may specify; and (b) submit a copy of the business continuity plan to the Authority for the Authority’s approval within such time specified by the Authority. (2) A designated operating entity or, in the case of a designated operating entity that is a business trust, its trustee-manager, must review the business continuity plan —(a) at such frequency as the Authority may specify; or (b) in the absence of any specification by the Authority under paragraph (a) — once every 5 years. (3) A designated operating entity or, in the case of a designated operating entity that is a business trust, its trustee-manager, must as soon as practicable notify the Authority of any activation of its business continuity plan and of any action taken or intended to be taken to restore the reliable and secure provision of any essential transport service provided by or through the entity. (4) A designated operating entity or, in the case of a designated operating entity that is a business trust, its trustee-manager, must within 14 days or any longer period that may be permitted by the Authority, inform the Authority of any material change to the business continuity plan and must submit a copy of the new or amended business continuity plan for the Authority’s approval. (5) Any person who contravenes subsection (1), (2), (3) or (4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 12 months or to both.[Act 20 of 2024 wef 01/04/2025]