Final Model Privacy Form Adopted by the SEC & Regulation S-P Updates

Nov. 2009

 

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.

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