On June 28, the U.S. Securities and Exchange Commission (“SEC”) proposed a new rule requiring registered investment advisers (“RIAs”) to adopt and implement a written business continuity and transition plan, further augmenting vital regulatory safeguards. Alphaserve, the trusted IT advisor to many of the world’s largest hedge funds, responded with comprehensive Advisory Services enabling all asset management firms to comply by providing Business Continuity Plans, Disaster Recovery and Security Advisory Services.
“Regulators continue to increase the requirements for RIAs to have and regularly update their tools, policies, procedures, audits and documentation in order to minimize operational risks and protect their investors. The SEC’s proposed rule is extensive and clearly illustrates the critical issues Alphaserve solves for our clients every day. Alphaserve’s Advisory Services provide BCP, DR and Security Advisory Services that address all policies and procedures adopted by the SEC’s Rule proposal, and allows firms to be prepared for future requirements from the SEC and other regulatory agencies,” said Arup Das, CEO of Alphaserve Technologies.
Alphaserve understands the importance of transparency and operational risk management and frequently identifies issues with firms’ business continuity plans and inadequate or no oversight of third parties’ business continuity and disaster recovery plans. Alphaserve’s Advisory Services help firms of all types secure, maintain and recover business operations against disruptions and threats, thereby reducing recovery time even after any significant large-scale events.
Alphaserve Security Advisory Services provides several solutions that support an adviser’s compliance with Rule 206(4)-7 and, to some extent, Rule 204-2. Relevant compliance support services include Technology Risk Assessment, Vendor Due Diligence and Documentation, including customized information security and incident response documentation and assistance in refining or drafting disaster recovery and business continuity plans.