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SEC RIN: 3235-AN26 Publication ID: Fall 2023 
Title: Regulation S P: Privacy of Consumer Financial Information and Safeguarding Customer Information 

The Division of Investment Management and Division of Trading and Markets are considering recommending that the Commission adopt amendments to Regulation S-P. The Commission proposed rule amendments that would require brokers and dealers, investment companies and investment advisers registered with the Commission to adopt written policies and procedures for incident response programs to address unauthorized access to or use of customer information, including procedures for providing timely notification to individuals affected by an incident involving sensitive customer information with details about the incident and information designed to help affected individuals respond appropriately.  The Commission also proposed to broaden the scope of information covered by amending requirements for safeguarding customer records and information, and for properly disposing of consumer report information.  In addition, the proposed amendments would extend the application of the safeguards provisions to transfer agents.  The proposed amendments would also include requirements to maintain written records documenting compliance with the proposed amended rules. Finally, the proposed amendments would conform annual privacy notice delivery provisions to the terms of an exception provided by a statutory amendment to the Gramm-Leach-Bliley Act.

Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 17 CFR 240.17a-4    17 CFR 240.17ad-7    17 CFR 248.2    17 CFR 248.5    17 CFR 248.30    17 CFR 270.31a-1    17 CFR 270.31a-2    17 CFR 275.204-2    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 U.S.C. 78q    15 U.S.C. 78q-1    15 U.S.C. 78mm    15 U.S.C. 80a-30    15 U.S.C. 80a-37    15 U.S.C. 80b-4    15 U.S.C. 80b-4a    15 U.S.C. 80b-11    15 U.S.C. 1681w(a)    15 U.S.C. 6801    15 U.S.C. 6804    15 U.S.C. 6805    15 U.S.C. 6825    15 U.S.C. 78w   
Legal Deadline:  None
Action Date FR Cite
NPRM  04/06/2023  88 FR 20616   
NPRM Comment Period End  06/05/2023 
Final Action  04/00/2024 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Zeena Abdul-Rahman
Branch Chief, Division of Investment Management
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-4099