S-P Amendment Compliance Checklist
On May 16, 2024, the SEC expanded the requirements of Regulation S-P to require covered financial institutions to take additional steps to detect, respond, and recover from unauthorized access, or use, of client information. Larger entities, such as Registered Investment Advisers (RIAs) with $1.5 billion or more in assets under management, will have until December 3, 2025, to comply. The…