SEC Revises Privacy Act Regulations

The SEC has released a final rule that revises its regulations under the Privacy Act of 1974, “which is the principal law governing the handling of personal information in the federal government.” In addition to clarifying and streamlining the regulations, “the final rule revises procedural and fee provisions and eliminates unnecessary provisions.” Further, it “allows for electronic methods to verify one’s identity and submit Privacy Act requests.”

The final rule will become effective 30 days after the date of its publication in the Federal Register. For more information, see the press release and the statement by SEC Chair Gary Gensler on the SEC’s Web site.