Regulatory Alerts2023-02-14
The Commission’s Privacy Act Regulations
The Securities and Exchange Commission proposes amendments to its Privacy Act regulations to clarify, update, and streamline procedural provisions governing the collection, maintenance, and disclosure of personal information. The rule revises fee structures to charge direct duplication costs, codifies existing practices for electronic identity verification and 90-day administrative appeals, and eliminates redundant or obsolete statutory restatements. Additionally, the amendments formally establish procedures for requesting an accounting of record disclosures and reorganize the regulatory framework to improve operational efficiency and reduce public confusion.
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