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SEC Proposes Cybersecurity Risk Management Rules for Registered Funds and Advisers
Ropes & Gray LLP [Guidance Overview] Feb. 22, 2022 "If adopted, the Proposals would: [1] Require advisers and registered funds to disclose detailed information about their 'cybersecurity risks' and 'cybersecurity incidents' to current and prospective clients and shareholders; [2] Require reporting ... to the SEC within 48 hours of reasonably concluding an incident occurred; and [3] Require advisers and registered funds to adopt and implement cybersecurity policies and procedures that are reasonably designed to address cybersecurity risks." |
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