Exciting: SEC Extends Comment Period for Proposed Cybersecurity Risk Management Rules and Amendments, Igniting Optimism for Registered Investment Advisers and Funds.

SEC Extends Comment Period for Proposed Cybersecurity Risk Management Rules and Amendments

The comment period on proposed rules and amendments related to cybersecurity risk management and cybersecurity-related disclosure for registered investment advisers, registered investment companies, and business development companies was reopened by the Securities and Exchange Commission today.

SEC Extends Comment Period for Proposed Cybersecurity Risk Management Rules and Amendments

These rules and amendments were proposed by the Commission on February 9, 2022. On April 11, 2022, the period for initial comments came to a close.

With the comment period being reopened, interested parties will have more time to evaluate the issues and formulate their comments in light of other regulatory developments. These developments may include the question of whether there would be any effects of other Commission proposals related to cybersecurity risk management and disclosure that the Commission should consider.

The comment period will remain open until the date that is exactly one hundred and sixty days after the date that the reopening release was published in the Federal Register.

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