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SEC Proposals Would Significantly Impact Private Fund Advisers and Impose New Cybersecurity Requirements on Registered Advisers and Funds, including BDCs

By Dominique Shelton Leipzig, Adam D. Kanter, Christina M. Thomas, Matthew Bisanz, David A. Simon & Jeffrey P. Taft on February 14, 2022

Posted in Cybersecurity, Government Agency Update / Notice, Regulation, United States

On February 9, 2022, the US Securities and Exchange Commission (SEC) voted to propose several new rules and amendments to existing rules that would significantly alter the current requirements for investment advisers and funds, with one proposal specifically focused on private funds and the other focused on cybersecurity.