On November 16, 2009, the Securities and Exchange Commission ("SEC"), together with several
other regulatory agencies, published amendments to privacy rules that require financial
institutions to provide initial and annual privacy notices to their customers, as required by Subtitle
A of Title V of the Gramm-Leach-Bliley Act (the "GLB Act").1 Importantly, the SEC adopted
"a model privacy form that financial institutions may rely on as a safe harbor to provide
disclosure under the privacy rules."2 The model forms are designed to meet all the requirements
of the GLB Act and are intended to be easier for consumers to understand.
To read the full PDF, click here.