The SEC is proposing that investment advisers must implement written business-continuity plans (BCPs) and transition plans to handle significant operational and other disruptions. BCPs address matters such as ensuring continued access to customer information and execution of customer orders along with uninterrupted processing and compliance in key areas. As a result, BCPs will need to address considerations such as back-up physical facilities and systems, although the SEC does not mandate specific recovery timeframes or other requirements.

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