Proposed Rule
Adviser Business Continuity and Transition Plans
Overview
The Securities and Exchange Commission ("Commission' or "SEC') is proposing a new rule and rule amendments under the Investment Advisers Act of 1940 ("Advisers Act'). The proposed rule would require SEC-registered investment advisers to adopt and implement written business continuity and transition plans reasonably designed to address operational and other risks related to a significant disruption in the investment adviser's operations. The proposal would also amend rule 204-2 under the Advisers Act to require SEC-registered investment advisers to make and keep all business continuity and transition plans that are currently in effect or at any time within the past five years were in effect.
Details
Public Comments Due
Sept. 6, 2016
File Number
S7-13-16
Rule Type
Proposed
Release Number
IA-4439
SEC Issue Date
June 28, 2016
Federal Register Publish Date
July 5, 2016
Document Citation
81 FR 43530
RIN
3235-AL62
Public Comments