SEC Chief of Staff Outlines Asset Management Initiatives on Cybersecurity and Transition Planning and Emphasizes Robust Enforcement Environment

In a recent keynote address at the InvestoRegulation Conference in London, SEC Chief of Staff Andrew J. Donohue discussed the Commission’s reach within the global securities industry and the importance of international cooperation on key issues. Donohue also outlined several SEC initiatives of particular relevance to the investment management industry. This article highlights those portions of Donohue’s address most relevant to hedge fund managers, including the SEC’s focus on cybersecurity; anticipated requirements for hedge fund managers to plan for transitions or disruptions to their businesses; and emphasis on individual liability. For additional insight from Donohue, see “SEC Chief of Staff Shares Fifteen-Step Plan for Adjusting to Compliance Responsibilities” (May 26, 2016); and “SEC Chief of Staff Offers Nine Key Considerations for Investment Adviser and Broker-Dealer Compliance Officers” (Oct. 22, 2015). 

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