Home Policy Priorities Fund Regulation Privacy

- Fund Regulation
- Advertising
- Broker-Dealer & Principal Underwriter Issues
- CFTC Rule 4.5
- Compliance
- Derivatives
- Disclosure
- Electronic Delivery
- Enforcement Actions
- Fees
- Financial Stability
- Fixed-Income Securities
- Investment Advisers
- International
- Municipal Securities
- Privacy
- Products
- Risk Management
- State Issues
- Valuation
- Retirement Security
- Trading & Markets
- Fund Governance
- Taxes
- ICI Comment Letters
SEC Adopts Rule Requiring Proper Disposal of Consumer Information
Washington, DC, December 9, 2004 - The SEC has adopted revisions to Regulation S-P that are intended to prevent the unauthorized disclosure of sensitive consumer information and reduce the risk of fraud or related crimes, including identity theft, by ensuring that such information is disposed of properly.
Background
In September 2004, the SEC
proposed revisions to Regulation S-P that were mandated by the
recent enactment of the Fair and Accurate Credit Transactions Act
(FACTA). Effective July 1, 2005, all SEC-listed companies are
required to:
- have written policies and procedures that provide for the protection of customer records and information; and
- adopt policies and procedures to safeguard the disposal of certain consumer information.
ICI Position
In an
October comment letter, the Institute expressed support for the
proposal, noting that it would enhance consumer privacy. ICI urged
the SEC to ensure that the rule accounts for all forms of
information, including electronic records.
Related Links
A section of this website is devoted to privacy issues.

Copyright © 2019 by the Investment Company Institute