Continuity Exercise Templates

Continuity Exercise Templates' title='Continuity Exercise Templates' />Compliance Programs of Investment Companies and Investment Advisers Rel. Nos. IA 2. 20. 4 IC 2. File No. S7 0. 3 0. SECURITIES AND EXCHANGE COMMISSION1. Continuity Exercise Templates' title='Continuity Exercise Templates' />CFR Parts 2. Release Nos. IA 2. IC 2. 62. 99 File No. S7 0. 3 0. 3RIN 3. AI7. 7Compliance Programs of Investment Companies and Investment Advisers. Agency Securities and Exchange Commission. Action Final rule request for comments. Summary The Securities and Exchange Commission is adopting new rules under the Investment Company Act of 1. Investment Advisers Act of 1. Scenariobased exercises, free professional business continuity templates and tools, download BS25999 and more. Introduction Crisis management is a critical organizational function. Php Contact Form Script more. Failure can result in serious harm to stakeholders, losses for an organization, or e. Here are main lists of learning materials in categories, however there is a lot more on this website than can be featured in the listings below. Commission to adopt and implement written policies and procedures reasonably designed to prevent violation of the federal securities laws, review those policies and procedures annually for their adequacy and the effectiveness of their implementation, and designate a chief compliance officer to be responsible for administering the policies and procedures. In the case of an investment company, the chief compliance officer will report directly to the fund board. These rules are designed to protect investors by ensuring that all funds and advisers have internal programs to enhance compliance with the federal securities laws. OpsPlanner, Business Continuity Planning, Disaster Recovery and Continuity of Operations Software. OpsPlanner is a total Business Resiliency Tool that incorporates. Final Rule Compliance Programs of Investment Companies and Investment Advisers. SECURITIES AND EXCHANGE COMMISSION. CFR Parts 270 and 275 Release Nos. IA2204. These business continuity and disaster recovery testing templates provide a concise methodology to deploy BCDR plans and tests. TS_01_Notification.jpg/600px-06_TS_01_Notification.jpg' alt='Continuity Exercise Templates' title='Continuity Exercise Templates' />Dates Effective Date February 5, 2. Comment Date Comments requested in section II. F of this release should be received on or before February 5, 2. Compliance Date October 5, 2. Section III of this release contains more information on the compliance date. Addresses To help us process and review your comments more efficiently, comments may be sent to us in either paper or electronic format. Continuity Exercise Templates' title='Continuity Exercise Templates' />Comments should not be sent by both methods. Comments in paper format should be submitted in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 4. Fifth Street, NW, Washington, DC 2. Comments in electronic format may be submitted at the following e mail address rule commentssec. All comment letters should refer to File No. S7 0. 3 0. 3 if e mail is used, this file number should be included on the subject line. Exercise-eBook-Template-Final-16-724x1024.jpg' alt='Continuity Exercise Templates' title='Continuity Exercise Templates' />Comment letters will be available for public inspection and copying in the Commissions Public Reference Room, 4. Fifth Street, NW, Washington, DC 2. Electronically submitted comment letters will also be posted on the Commissions Internet web site http www. For Further Information Contact Hester Peirce, Senior Counsel, Office of Regulatory Policy at 2. Jamey Basham, Special Counsel, Office of Investment Adviser Regulation at 2. Division of Investment Management, Securities and Exchange Commission, 4. Fifth Street, NW, Washington, DC 2. Supplementary Information The Securities and Exchange Commission SEC or Commission is adopting new rule 3. CFR 2. 70. 3. 8a 1 under the Investment Company Act of 1. U. S. C. 8. 0a Investment Company Act, new rule 2. CFR 2. 75. 2. 064 7 under the Investment Advisers Act of 1. U. S. C. 8. 0b Investment Advisers Act or Advisers Act, and amendments to rule 2. CFR 2. 75. 2. 04 2 under the Advisers Act, and to Part 1, Schedule A, Item 2a of Form ADV 1. CFR 2. 79. 1. 2. Table Of Contents. I. Background. II. Discussion. A. Adoption and Implementation of Policies and Procedures. Investment Advisers. Investment Companies. B. Annual Review. Investment Advisers. Investment Companies. C. Chief Compliance Officer. Investment Advisers. Investment Companies. D. Recordkeeping. E. Private Sector Initiatives. F. Additional Request for Comment. III. Effective Date. IV. Cost Benefit Analysis. A. Benefits. B. Costs. V. Consideration of Promotion of Efficiency, Competition and Capital Formation. VI. Paperwork Reduction Act. A. Rule 3. 8a 1. B. Rule 2. 064 7. C. Rule 2. 04 2. VII. Summary Of Final Regulatory Flexibility Analysis. VIII. Statutory Authority. Text of Rules. I. Background. Earlier this year the Commission proposed rules that would require investment companies funds3 and investment advisers to adopt written compliance procedures, review the adequacy of those procedures annually, and designate a chief compliance officer responsible for their administration. We proposed the rules because it is critically important for funds and advisers to have strong systems of controls in place to prevent violations of the federal securities laws and to protect the interests of shareholders and clients. The proposed rules were designed to foster, among other things, improved compliance by clarifying the compliance obligations of fund management and to strengthen the hand of fund boards and compliance personnel when dealing with them. In recent months, the Commission and state securities authorities have discovered unlawful conduct involving a number of fund advisers, broker dealers, and other service providers that confirms the need for these rules. Fund advisory or distributor personnel have engaged in, or actively assisted others in engaging in, inappropriate market timing, late trading of fund shares, and the misuse of material, nonpublic information about fund portfolios. These personnel, including in some cases senior executives of fund advisers, have placed their personal interests or the business interests of the fund adviser ahead of the interests of fund shareholders, thus breaching their fiduciary obligations to the funds involved and their shareholders. These individuals have harmed the funds, their management organizations, and the confidence of fund investors. Our response to these events is twofold. First, we are conducting an intensive investigation of funds, advisers, broker dealers, and others. We will aggressively pursue and punish those who have violated the federal securities laws and breached their fiduciary obligations to clients. When appropriate, we will actively work with other federal law enforcement authorities and state authorities to see that the full weight of the law is brought to bear against those who have betrayed mutual funds and fund investors. Second, we will review all of our rules to determine what changes may be required to prevent this type of conduct. We are taking our first regulatory actions designed to curb the abusive practices recently uncovered and to prevent their recurrence. In companion releases, we are proposing to amend our rules regarding mutual fund share pricing and prospectus disclosure. In this release, we are adopting new rules requiring advisers and funds to adopt strong compliance controls administered by a chief compliance officer. II. Discussion. The Commission is adopting new rule 2. Advisers Act and new rule 3. Investment Company Act. The new rules require each registered investment adviser and each fund to adopt and implement compliance programs that conform to the new rules. Failure of an adviser or fund to have adequate compliance policies and procedures in place will constitute a violation of our rules independent of any other securities law violation. The new rules will thus permit the Commission to address the failure of an adviser or fund to have in place adequate compliance controls, before that failure has a chance to harm clients or investors. A. Adoption and Implementation of Policies and Procedures. Investment Advisers. Under rule 2. 064 7, it is unlawful for an investment adviser registered with the Commission to provide investment advice unless the adviser has adopted and implemented written policies and procedures reasonably designed to prevent violation of the Advisers Act by the adviser or any of its supervised persons.