According to a story in IA Watch, advisers should expect a second phase of the SEC’s look at cybersecurity. In an interview with IA Watch on March 9, Jane Jarcho, OCIE’s national associate director of the Investment Adviser/Investment Company exam program, described the current thinking behind its “phase 2” initiative around cybersecurity.
According to the story, OCIE plans to put out a sample document request letter or a list of focus areas for phase 2 using a risk alert, just as it did for phase 1. It sounds like phase 2 is still in the planning stages, but it’s likely to begin this summer.
Sources:
- Expect OCIE to release sample document request letter for next cybersecurity sweep in IA Watch (subscription required)