December 19, 2016

SEC Issues Guidance on Business Continuity Planning for Registered Investment Companies

By Kay A. Gordon and Diana E. McCarthy

Philadelphia partner Diana McCarthy and New York partner Kay Gordon authored an article in the Journal of Investment Compliance titled, “SEC issues guidance on business continuity planning for registered investment companies.” The article discussed the new compliance standards in proposed Rule 206(4)-4, which affects registered investment companies and their advisers in the area of business continuity and transition plans (BCPs).

The article emphasizes the importance of mitigating operational risks of significant business disruptions through proper business continuity planning for registered investment companies. Among other practical considerations, Diana and Kay offered, “It would be prudent for fund boards to consider discussing the Guidance with fund investment advisers and fund CCOs to determine the status of fund complex BCPs and any gaps related to the Guidance.”

Read “SEC issues guidance on business continuity planning for registered investment companies.”

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