October 4, 2015
The UK Hedge Fund Standards Board (HFSB) announced on September 17, 2015, that it has added a “Cybersecurity Memo” to its Toolbox function. The Toolbox provides guidance to managers, investors, and fund directors on fund-related issues such as governance, internal processing, and reporting. The Toolbox acts as a complement to the HFSB’s standard-setting activities.
The Cybersecurity Memo confirms that cybersecurity is an “increasingly prominent focus of the industry,” drawing attention from regulators who seek to understand and assess regulated firms’ resilience to cyber-attacks.