Prepare for Business Continuity Planning Rule

The SEC is proposing a new rule 206(4)-4 under the Investment Advisers Act of 1940 that would require SEC-registered investment advisers to adopt and implement written business continuity and transition plans in order to legally operate under SEC jurisdiction.

The rule would also require advisers to review the plan at least once annually.

If adopted, the rule would have significant impact on investment advisers. In this ComplianceCast Minute, Ascendant’s Gena Dirani discusses the proposal, its key requirements and corresponding compliance concerns.


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