Nasdaq announced a reminder regarding its Regulation SCI Business Continuity and Disaster Recovery (BC/DR) testing. The annual test is scheduled for October 25, 2025, with additional pre-testing opportunities on September 27 and October 4 of the same year. According to Rule 1004 of Regulation SCI, certain members and participants from various Nasdaq exchanges are required to participate in this testing.

The exchanges involved include The Nasdaq Stock Market, Nasdaq BX, Nasdaq PSX, Nasdaq PHLX, The Nasdaq Options Market, Nasdaq ISE, Nasdaq GEMX, and Nasdaq MRX. Designated members must complete functional and performance testing as part of their participation in the BC/DR plan test. Failure to participate can lead to violations of exchange rules.

Each exchange has specific criteria for designating participants based on trading volume over the four months leading up to the announcement of the test date. For instance, the top ten members by volume executed on each exchange will be notified about their requirement to participate by April 4, 2025. If any member has not received notification but wishes to confirm their status regarding participation requirements, they can contact Market Operations for clarification.

This initiative underscores the importance of preparedness in maintaining market integrity during unexpected disruptions.

Original article

The article provides an important reminder and update regarding Nasdaq's Regulation SCI BC/DR testing, which is an annual event with a specific schedule. It offers actionable information by clearly stating the date of the test and providing additional pre-testing dates, encouraging participation from designated members and participants. This information allows readers to mark their calendars and prepare accordingly.

However, the article lacks educational depth in explaining the 'why' behind these tests. It does not delve into the historical context or the potential consequences of not participating, which could have added value to the reader's understanding. While it mentions the importance of preparedness, it does not teach readers about the potential risks or the specific benefits of being prepared.

In terms of personal relevance, the article is targeted at a specific audience - members and participants of various Nasdaq exchanges. For those directly involved, it is highly relevant as it impacts their compliance and membership status. For the general public, it may not have an immediate personal impact, but it does highlight the importance of operational resilience, which is a broader societal issue.

The public service function of the article is evident in its role as an official reminder and notification. It provides a clear timeline and encourages participation, which could help prevent potential violations of exchange rules. However, it could have been more helpful by providing contact details or resources for those who have questions or need further clarification.

The advice given in the article is practical and clear for those who fall under the designated criteria. It outlines the steps to be taken, which is useful for those preparing for the test. However, for those who are not required to participate, the article does not offer alternative actions or resources, leaving them with a sense of uncertainty.

In terms of long-term impact, the article emphasizes the importance of preparedness, which is a valuable message. By encouraging participants to be ready for disruptions, it promotes a culture of resilience and forward-thinking. This can have lasting benefits for the financial industry and potentially reduce the impact of unforeseen events.

Psychologically, the article may cause some anxiety for those who are required to participate, especially if they are unsure of their status. It does not provide any strategies or support to alleviate these concerns. For those not directly involved, it may not have a significant emotional impact, as the information is quite dry and lacks a human element.

The language used in the article is relatively neutral and does not appear to be clickbait-driven. It provides a straightforward update without sensationalizing the event.

To improve, the article could have included a simple step-by-step guide for those who are new to these tests, ensuring they understand the process and their responsibilities. It could also have provided a link to a FAQ section or a contact email for further assistance, catering to those who may need more guidance. Additionally, including a brief explanation of the potential risks and benefits of being prepared could have added educational value.

The described initiative, while seemingly focused on market operations, has potential implications for the very fabric of local communities and kinship bonds.

Firstly, the emphasis on participation in the BC/DR test, with potential consequences for non-compliance, could inadvertently shift family responsibilities and duties onto external, impersonal authorities. This shift may erode the natural duties of parents and extended family to care for their own, potentially weakening the protective and nurturing environment that families provide.

Secondly, the criteria for participation, based on trading volume, may inadvertently create a situation where certain families or individuals feel compelled to engage in economic activities that could distract from their primary duty of raising children and caring for elders. This could lead to a situation where the pursuit of economic gains takes precedence over the fundamental duty of ensuring the survival and well-being of the next generation.

Furthermore, the notification process, which informs designated participants by a specific date, may create a sense of exclusion and confusion for those who do not receive notification. This could potentially fracture community trust and cohesion, as some may feel left out or unsure of their role in the community's survival and resilience.

The initiative, while well-intentioned, may also inadvertently promote a culture of dependency on external entities for disaster preparedness and recovery. This could diminish the sense of local responsibility and stewardship, which are essential for the long-term survival and sustainability of communities.

Lastly, the potential for diminished birth rates or a shift in societal focus away from procreative families is a significant concern. The continuity of the people and the stewardship of the land depend on the birth and raising of children, who will one day take on the duties and responsibilities of their elders.

If these ideas and behaviors were to spread unchecked, the consequences could be dire. Families may become increasingly fragmented, with duties and responsibilities diluted and dispersed. The care and protection of children and elders, the very foundation of community survival, may be compromised. The land, which requires the stewardship of future generations, may be neglected, and the cycle of life and continuity may be disrupted.

It is essential to recognize these potential consequences and to encourage a return to the fundamental duties and responsibilities that have always been the bedrock of human survival. This includes a renewed focus on the protection of kin, the care of the vulnerable, and the peaceful resolution of conflicts within the community.

"Nasdaq announced a reminder..."

This part uses passive voice to hide who is really in charge. It makes it seem like the reminder just happened, but it was Nasdaq who chose to send it. This trick makes Nasdaq look less powerful and more like a helpful friend. The real power is hidden.

"The purpose of this testing..."

The words "purpose" and "testing" make it sound like this is a good thing, but it's really about making sure people follow rules. It's a test to see if they are ready, but it's also a way to control them. The words hide the true power dynamic.

"Nasdaq encourages all Members..."

Here, Nasdaq sounds nice and helpful. But, they are really telling people what to do. The word "encourages" makes it seem like a choice, but it's not. It's an order in a polite way. This trick makes Nasdaq look good and hides their real power.

"Participation in this BC/DR test..."

The sentence talks about "participation" and "compliance" like it's a choice. But, it's not. People have to do it or they will be in trouble. The words make it seem like a fun activity, but it's really a rule they must follow. This is a trick to make rules sound nice.

"This initiative underscores..."

The word "initiative" makes Nasdaq sound like a hero, taking action to help. But, this is just their job. They have to do it. The word hides the fact that Nasdaq must do this to keep control. It makes them look good without earning it.

The text primarily conveys a sense of urgency and importance, which are the most prominent emotions expressed. These emotions are evident throughout the message, particularly in the language used to describe the upcoming testing and its significance.

The urgency is established by the specific dates mentioned for the annual test and pre-testing opportunities. Words like "reminder," "scheduled," and "annual" create a sense of time-bound importance, suggesting that this is a regular, critical event that requires attention and preparation. The text also emphasizes the potential consequences of not participating, which further heightens the sense of urgency.

The importance of the testing is highlighted by the use of words like "preparedness," "operational resilience," and "unforeseen events." These phrases imply that the BC/DR test is a vital measure to ensure the smooth functioning of the exchanges and their participants in the face of unexpected disruptions. The text also mentions the potential violation of exchange rules, which adds a layer of seriousness to the message.

The emotion of urgency and importance is used to guide the reader's reaction by creating a sense of responsibility and awareness. The reader is made to understand that this testing is not just a routine exercise but a critical component of maintaining the stability and resilience of the market. By emphasizing the potential consequences, the text motivates the reader to take action and ensure their compliance with the testing requirements.

To persuade the reader, the writer employs a strategic use of language. The repetition of the testing dates and the emphasis on the potential consequences create a sense of emphasis and urgency. The use of phrases like "potential disruptions" and "unforeseen events" also adds an element of uncertainty and risk, which can be emotionally compelling. By comparing the testing to a regular, annual event, the writer normalizes the process, making it seem more approachable and less daunting.

Overall, the emotional tone of the text is designed to capture the reader's attention, convey the significance of the testing, and motivate them to take the necessary steps to ensure their participation and compliance. It effectively uses language to create a sense of shared responsibility and the need for collective preparedness.