In the wake of Hurricane Harvey’s impact, InvestmentNews, Fund Directions, Ignites and Law360 revisited business continuity planning issues for the asset management industry and the SEC’s proposed rule. “Natural disasters like Hurricane Harvey are a vivid reminder to all advisory firms that they need to have a robust business continuity planning program up and running,” said investment management counsel David Tittsworth (Washington, D.C.), in InvestmentNews. In Fund Directions, Mr. Tittsworth states that a forward-looking approach to business continuity planning, which includes what businesses should do in the aftermath of a major disruption to ensure impacts are minimized. In Law360, Mr. Tittsworth also adds that a business continuity plan should address how to maintain communications with both clients and employees.
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