Regulatory Alerts2019-11-12 | 2019-24581Privacy of Consumer Financial Information
The Commodity Futures Trading Commission proposes to correct a 2011 amendment to its regulation by restoring inadvertently deleted detailed requirements for customer privacy safeguards. This action mandates that covered financial intermediaries adopt policies and procedures specifically designed to ensure the security, confidentiality, and integrity of customer records. The proposal aims to align the rule with the Gramm-Leach-Bliley Act and reduce confusion for entities already subject to these general obligations.
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