SEC Issues GLB Model Privacy Form Test Data

The Federal Trade Commission announced today a Federal Register notice describing quantitative consumer testing of a model privacy form developed as part of a Gramm-Leach-Bliley Act (GLB) interagency notice project. The Securities and Exchange Commission has released for public comment the quantitative test information. Financial institutions may use the GLB model privacy form, which was proposed in 2007, to provide GLB-required disclosures to consumers about the institutions’ information collection and sharing practices. Interested parties have thirty days to file comments on the test information. The Federal Register notice is available at http://www.sec.gov/rules/proposed/2009/34-59769.pdf. The quantitative test information is available at www.ftc.gov/privacy/privacyinitiatives/financial_rule_inrp.html.

(FYI 18.2009.wpd)