- The SEC's proposed rule for registered investment advisers (RIAs) mandates the creation of effective recovery plans. Two elements are often overlooked.
- The SEC proposed regulation of investment adviser business continuity and transition plans contains a significant number of de facto requirements in the footnotes.
- Before the SEC's proposed transition plans rule for investment advisors, the most significant requirement for living wills was contained in Dodd-Frank.
- On June 28, 2016, the SEC released a proposed rule requiring all registered investment advisors (RIA's) to create and implement business continuity plans (BCP) and transition plans.