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FTC RIN: 3084-AB35 Publication ID: Fall 2016 
Title: Standards for Safeguarding Customer Information 
Abstract:

The Safeguards Rule, as directed by the Gramm-Leach-Bliley Act (GLB), requires each financial institution subject to the FTC's jurisdiction to develop a written information security program that is appropriate to its size and complexity, the nature and scope of its activities, and the sensitivity of the customer information at issue. The Commission believes that the rule strikes an appropriate balance between allowing flexibility to financial institutions and establishing standards for safeguarding customer information that are consistent with GLB's requirements.

 

As part of its ongoing systematic review of all Federal Trade Commission rules and guides, on September 7, 2016, the Commission requested public comments on, among other things, the economic impact and benefits of the rule; possible conflict between the rule and State, local, or other Federal laws or regulations; and the effect on the rule of any technological, economic, or other industry changes. 81 FR 61632. The comment period will close on November 7, 2016.

 
Agency: Federal Trade Commission(FTC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Prerule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 16 CFR 314   
Legal Authority: The Gramm-Leach-Bliley Act as codified at 15 U.S.C. 6801(b), 6805(b)(2)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Rule Review, Request for Public Comment  09/07/2016  81 FR 61632   
Comment Period End  11/07/2016 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No 
Related RINs: Previously reported as 3084-AA87 
Agency Contact:
David Lincicum
Federal Trade Commission
600 Pennsylvania Avenue NW, CC-8232,
Washington, DC 20580
Phone:202 326-2773
Email: dlincicum@ftc.gov