Course Description:
In May 2024, the Securities and Exchange Commission (SEC) adopted amendments to Regulation S-P (Reg S-P) in an effort to “modernize and enhance” protection of consumers’ privacy and nonpublic information. The course will cover Reg S-P’s new requirements for “covered institutions,” which include brokers or dealers (BDs) and registered investment advisers (RIAs). Subtopics include designing an appropriate incident response plan, processes for notifying customers affected by a security incident, and oversight of service providers.
Learning Objectives:
After attending this course, attendees should be able to:
- Updating policies and procedures to address amended Reg S-P
- Complying with incident notification requirements
- Assessing service provider arrangements
For Whom: Chief Compliance Officers, Management Compliance Staff at all levels, Legal Counsel, Trading Personnel Persons involved with monitoring client portfolios
Suggested Skill Level: Intermediate
Instructional Method: Group Internet-Based
Pre-requisites for participation: No prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 to become familiar with the structure and terms.
Advance Preparation: None
Continuing Education Credits
COMPLY Continuing Education Guide
Recommended IACCP® CE Credit: 2
Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Recommended CA MCLE Credit: 2