Client Alert: Regulation S-P Deadline: RIAs Must Finalize Incident Response Programs

The U.S. Securities and Exchange Commission’s (SEC’s) May 2024 amendments to Regulation S-P established concrete, near-term compliance deadlines for registered investment advisers (RIAs) to adopt, implement, and maintain written policies and procedures establishing an incident response program in relation to unauthorized access to or use of customer information. These changes modernize safeguarding obligations and create a federal baseline for incident response and breach notification. With the…
By: Shumaker, Loop & Kendrick, LLP