ComplianceAlert

SEC Speaks Loudly on Business Continuity Plans

On June 28, 2016 the SEC’s Division of Investment Management (IM) released new guidance for registered investment companies regarding Rule 38a-1 (Compliance Rule) and its implications for fund Business Continuity Plans (BCP).This new guidance was released the same day as proposed Rule 206(4)-4 for registered investment advisers requiring written BCPs with transition plans. Transition plans…

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