Through exams already underway, the SEC is seeking more information on fund advisers’ Business Continuity Plans (BCP) and pandemic related policies. Founder and President Amy Lynch explains that OCIE is looking at written plans to identify any concerns with those plans over the examination period, as well as their effectiveness for the COVID-19 crisis. Ms. Lynch adds that an area of focus are policies that address pandemics, which firms should have previously implemented, and the SEC now wants to know how those policies have been deployed. See Fund Intelligence (subscription required), “SEC examiners reviewing firms’ BCPs, pandemic-related policies”
