As with all companies, funds face the risk of cyberattacks and other threats. Fund boards oversee the adviser’s and other service providers’ management of this risk. Regulators are increasing their attention to cybersecurity, examining practices and issuing guidance. U.S. Securities and Exchange Commission (SEC) staff recommends that registrants, such as funds, take into account cybersecurity considerations when identifying their compliance obligations under the federal securities laws.
FAQs and Resource Centers
IDC’s memos inform directors about important regulatory, legislative, and judicial developments. IDC also comments on proposals that could affect board responsibilities or shareholder interests. See below for recent comment letters and memos on selected topics.