Business Continuity Plans (“BCPs”) continue to be a key component of an investment adviser’s risk management and compliance program, but have traditionally focused on emergency planning for certain external and internal disruptions (such as natural disasters, blackouts and occasional short-term market disruptions to normal operations). The recent impact of COVID-19 however, has reminded the industry of the need for implementing BCPs and other related risk policies that address not only short-term disruptions but also longer-term disruptions. The following is a link to a recent Mayer Brown Legal Update that endeavors to provide investment advisers with a high-level outline of considerations as part of a broader risk assessment of their businesses as they address the potentially longer-term market, business, portfolio and personnel disruptions caused by COVID-19.
Investment Management Survival Tips in the COVID-19 Environment (authored by Matthew Rossi, John Noell, Tram Nguyen, Stephanie Monaco, Adam Kanter, Leslie Cruz, Peter McCamman and Wendy Gallegos).
Additional information and insight can be found on Mayer Brown’s dedicated website on the impact of COVID-19. If you have any questions about the issues raised in the above alerts, please contact any of the above Legal Update authors.