United States:
Federal Register: CFTC Allows Exceptions From Sending Annual Privacy Notices
14 December 2018
Cadwalader, Wickersham & Taft LLP
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The CFTC proposal to amend
Rule 160.5 - which requires certain "covered persons"
(i.e., FCMs, RFEDs, CTAs, CPOs, IBs, MSPs and SDs) to provide
annual privacy notices to customers at least once a year during the
life of the customer relationship - was published in the Federal Register. Comments
must be submitted by February 8, 2019.
As
previously covered, the proposed revisions implement the
Fixing America's Surface Transportation Act's (FAST
Act) December 2015 statutory amendment to the
Gramm-Leach-Bliley Act.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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