Regulatory Alerts2023-03-15
Cybersecurity Risk Management for Investment Advisers, Registered Investment Companies, and Business Development Companies; Reopening of Comment Period
The Securities and Exchange Commission has reopened the comment period for its proposed cybersecurity risk management rules until May 22, 2023. The proposal mandates registered investment advisers and funds to adopt written cybersecurity policies, disclose risk-related information, confidentially report significant incidents, and maintain compliance records. This extension allows market participants to evaluate the proposal alongside concurrent SEC cybersecurity initiatives affecting broker-dealers, clearing agencies, and market infrastructure.
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