Monthly Archives

July 2016

Proposed SEC Rule 206(4)-4 Adviser Business Continuity and Transition Plans

By | New in Compliance, SEC

June 28, 2016:  The U.S. Securities and Exchange Commission (“SEC”) announced a proposed new rule to require advisers to formally develop business continuity and transition plans.  Proposed Rule 206(4)-4 under the Investment Advisers Act and amendments to Rule 204-2 under the Act are now under consideration during the registrant comment period. Under the proposed rule, it would be unlawful for an SEC-registered investment adviser to provide investment advice unless the adviser adopts and implements a written business continuity and transition plan and reviews that plan at least annually. Read More