CFTC's Division of Swap Dealer and Intermediary Oversight Issues a Staff Advisory on Best Practices for Complying with the Gramm-Leach-Bliley Act Security Safeguards
WASHINGTON, Feb. 26 -- The Commodity Futures Trading Commission issued the following news release:
The U.S. Commodity Futures Trading Commission's (Commission) Division of Swap Dealer and Intermediary Oversight (Division) today issued a Staff Advisory that outlines recommended best practices for covered financial institutions to comply with Title V and Part 160 of the Commission's regulations concerning security safeguards.
Congress enacted Title V of the Gramm-Leach-Bliley Act (GLBA) in 1999 to ensure that financial institutions respect the privacy of their customers and protect the security and confidentiality of nonpublic personal information. In enacting the GLBA, Congress directed certain Federal financial regulators to adopt and implement rules to achieve Title V's goals. These recommendations are consistent with guidelines and regulations issued by other Federal financial regulators.
See CFTC Staff Advisory 14-21 under Related Links.
Copies of the Staff Advisory may also be obtained from the Commodity Futures Trading Commission, Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581 or call (202) 418-5100.
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