Regulation S-P

Regulation S‑P is a critical SEC rule that requires Registered Investment Advisers (RIAs) to implement safeguards for protecting clients’ nonpublic personal information (NPI). This includes maintaining written cybersecurity policies, ensuring secure data handling and disposal, and providing timely data breach notifications.

Following the 2024 amendments, Regulation S‑P now mandates RIAs to have robust incident response programs, increased vendor oversight, and detailed recordkeeping—making Regulation S‑P compliance essential for avoiding penalties and maintaining client trust.

The SEC’s updated Regulation S‑P imposes new cybersecurity requirements for RIAs, including:

• Written Information Security Programs (WISPs) and incident response plans
• 30-day client breach notification requirement after discovering an incident
• Vendor breach notification within 72 hours
• Applicability to both proprietary and third-party client data
• Retention of incident and policy records for up to six years

A data breach includes any unauthorized access or use of sensitive client data, such as:

• Social Security Numbers
• Bank account or investment details
• Biometric or authentication data
• Login credentials

Even a suspected incident can trigger Regulation S‑P’s notification requirements.

Compliance deadlines depend on the RIA’s size:

CyberSecureRIA specializes in helping SEC-registered RIAs navigate Regulation S‑P cybersecurity requirements with ease. Our tailored solutions include:

• Customized Written Policies: SEC-aligned cybersecurity and incident response programs
• Vendor Risk Management: Frameworks for monitoring, breach clauses, and oversight
• Incident Response Playbooks: Step-by-step plans for real-time breach handling
• Notification Readiness: Templates and workflows for 30-day breach notification
• Continuous Monitoring & Risk Assessments: Proactive audits and threat detection
• Regulatory Documentation: Organized records to satisfy SEC examiners

Yes. We offer policy gap analysis and enhancements to bring your current documentation into full alignment with the latest Regulation S‑P standards—without starting from scratch.

CyberSecureRIA is not just an IT vendor—we are Regulation S‑P compliance experts for RIAs. Here's what makes us different:

• Exclusive focus on SEC-registered RIAs
• Plain English guidance—no legalese or IT jargon
• SEC exam-ready documentation, not just alerts
• 100% satisfaction guarantee

→ Ready to simplify Reg S‑P compliance? Book your Compliance Readiness Review now.

A compliant breach notice should contain:

• Date of incident and discovery
• Description of the breach and affected data
• Recommended steps for affected clients
• Contact information for further assistance

RIAs must deliver this notice within 30 days, even for suspected breaches.

Yes. Regulation S‑P clarifies that if your data-sharing practices change, or if you no longer qualify for the FAST Act exemption, you must issue an updated annual privacy notice.

We equip your firm with practical, compliance-ready assets:

• Breach Notification Templates tailored to SEC guidelines
• Vendor Risk Assessment Matrix
• Regulation S‑P Policy Checklists
• Incident Logging Worksheets for audit tracking

These are not generic downloads—they’re purpose-built for how RIAs actually operate.

Failure to comply can result in:

• SEC enforcement actions and fines
• Increased scrutiny during SEC exams
• Damage to client relationships and firm reputation

Even a delayed or vague client notification could lead to regulatory penalties.

Absolutely. Proactive compliance is far more cost-effective than post-breach damage control. CyberSecureRIA offers affordable fixed-cost packages that include:

• Policy creation and testing
• Employee training
• Monitoring and vendor audits
• SEC exam preparation