Regulatory Alerts2016-07-05 | 2016-15675Added
Adviser Business Continuity and Transition Plans
The Securities and Exchange Commission proposes a new rule requiring SEC-registered investment advisers to adopt and implement written business continuity and transition plans reasonably designed to address operational risks from significant disruptions. The proposal also amends rule 204-2 to mandate that advisers maintain records of all such plans currently in effect or implemented within the past five years. These measures aim to protect client interests by ensuring advisers can continue operations or transition accounts during emergencies such as cyber-attacks or facility failures.
Topics
Share