Federal Register: CFTC Allows Exceptions from Sending Annual Privacy Notices

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.