SEC Proposes Substantial New Cybersecurity Regulations For Registered Investment Advisers And Funds
February 24, 2022
On February 9, 2022, the Securities and Exchange Commission voted 3-1 to propose rules and amendments that would require registered investment advisers and registered funds to confidentially report significant cybersecurity breaches to the SEC, disclose significant cybersecurity risks and incidents to clients, adopt written cybersecurity policies, and abide by new recordkeeping requirements. If enacted in similar form, these would be the first regulations to require investment advisers to disclose cybersecurity incidents.
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