Private Fund Cybersecurity Requirements Changing Significantly in 2022

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Number1411 | Shutterstock
Private funds that are excluded from the definition of “investment company” under the Investment Company Act of 1940 will face significantly stricter cybersecurity requirements under the FTC’s revised Safeguards Rule, which comes into full effect as of December 9, 2022. The revised rule requires specific security controls and accountability measures for consumer information, modeled on […]
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