Business continuity planning (BCP) and transition planning derive from an adviser’s fiduciary duty the SEC’s desire to push back against banking regulators who want to impose prudential regulations on asset management firms, but the devil is in the details.

Ascendant’s recent ComplianceCast “Planning for the Worst: Business Continuity and Transition Planning,” goes in-depth on the SEC-proposed BCP/transition planning Rule 206(4)-4, including concerns about it from the industry, the impact of the new presidential administration, and likely next steps.

With implications for both compliance and operations, the rule is intended to ensure that your firm’s services to its clients continue when you’re faced with a business disruption. This ComplianceCast covers:

  • Breaking down the proposed rule requirements
  • Dealing with natural disasters, cyber-attacks, IT failures, and the loss of key personnel
  • Transition planning for small firms and large firms
  • Managing critical vendors and the risks they pose to your firm
  • Why the SEC can bring enforcement actions even before the rule is adopted

To download the ComplianceCast, please click here and fill out the download request form.

Written by: Ascendant Compliance Management