ComplianceCast Goes In-Depth on BCP & Transition Planning

Business continuity planning (BCP) and transition planning derive from an adviser’s fiduciary duty the SEC’s desire to push back against banking regulators who want to impose prudential regulations on asset management firms, but the devil is in the details.

Ascendant’s recent ComplianceCast “Planning for the Worst: Business Continuity and Transition Planning,” goes in-depth on the SEC-proposed BCP/transition planning Rule 206(4)-4, including concerns about it from the industry, the impact of the new presidential administration, and likely next steps.

With implications for both compliance and operations, the rule is intended to ensure that your firm’s services to its clients continue when you’re faced with a business disruption. This ComplianceCast covers:

  • Breaking down the proposed rule requirements
  • Dealing with natural disasters, cyber-attacks, IT failures, and the loss of key personnel
  • Transition planning for small firms and large firms
  • Managing critical vendors and the risks they pose to your firm
  • Why the SEC can bring enforcement actions even before the rule is adopted

To download the ComplianceCast, please click here and fill out the download request form.


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CSS frequently publishes blog posts which are written by our team from their observations in the field, at conferences and through experiences with compliance professionals. These posts are designed to further knowledge and share industry best practices. Topics run the gamut, including Form ADV, cybersecurity, MiFID II, position limit monitoring, technology challenges and more. Complete and submit the brief form below to receive notifications when we publish new content.

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