This post summarizes the recent U.S. Securities and Exchange Commission (SEC) Guidance Update related to cybersecurity issues applicable to registered advisers and funds. This update will likely serve as a basis for any inspections by the SEC staff dealing with cybersecurity so investment advisers may want to review and revise their compliance policies accordingly. You will want to alert any registered clients to whom this applies and consider distributing to unregistered funds and managers as a best practice.

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