Business Continuity Plans, Budgets and More: Hot Compliance Topics for Investment Advisers

In the wake of COVID-19, business continuity planning has taken the top spot as the “hottest” compliance topic for U.S. investment advisers, followed by cybersecurity, which had previously held the top ranking, ACA Compliance Group’s 2020 Investment Management Compliance Testing Survey found. Enrique Alvarez, a senior principal consultant at ACA, discussed the survey’s findings with the Cybersecurity Law Report, including the measures firms are taking in connection with cybersecurity, data privacy, BCPs and testing, and the state of their budgets for these programs. See “Are You Prepared for OCIE’s Sweep of Business Continuity Plans and Coronavirus Actions?” (Jun. 10, 2020).

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