[Federal Register Volume 65, Number 195 (Friday, October 6, 2000)]
[Proposed Rules]
[Page 59766]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-25660]



[[Page 59766]]

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FEDERAL TRADE COMMISSION

16 CFR Part 313


Privacy of Customer Financial Information--Security

AGENCY: Federal Trade Commission.

ACTION: Notice of extension of comment period.

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SUMMARY: The Federal Trade Commission (``Commission'' or ``FTC'') has 
extended the time for submitting comments on developing the information 
safeguards rule that the Commission must issue under section 501(b) of 
the Gramm-Leach-Bliley Act (the ``G-L-B Act'' or ``Act'').

DATES: Comments must be received on or before October 24, 2000.

ADDRESSES: Written comments should be addressed to: Secretary, Federal 
Trade Commission, Room H-159, 600 Pennsylvania Avenue, NW., Washington, 
DC 20580. The Commission requests that commenters submit the original 
plus five copies, if feasible. Comments should also be submitted, if 
possible, in electronic form, on either a 5\1/4\ or a 3\1/2\ computer 
disk, with a disk label stating the name of the commenter and the name 
version of the word processing program used to create the document. 
(Programs based on DOS or Windows are preferred. Files from other 
operating systems should be submitted in ASCII format.) Alternatively, 
the Commission will accept comments submitted to the following e-mail 
address: [email protected]. Those commenters submitting comments by e-
mail are advised to confirm receipt by consulting the postings on the 
Commission's website at www.ftc.gov. In addition, commenters submitting 
comments by e-mail are requested to indicate whether they are also 
providing their comments in other formats. Individuals needs not submit 
multiple copies or comments in electronic form. All submissions should 
be captioned ``G-L-B Act Privacy Safeguards Rule Comment.''

FOR FURTHER INFORMATION CONTACT: Laura Berger, Attorney, Division of 
Financial Practices, Federal Trade Commission, Washington, DC 20580, 
202-326-3224.

SUPPLEMENTARY INFORMATION: On September 7, 2000, the FTC sought comment 
on developing the rule that Section 501(b) of the G-L-B Act requires it 
to establish for financial institutions subject to its jurisdiction. 
The Rule will establish standards pertaining to administrative, 
technical, and physical safeguards for nonpublic customer records and 
information. (``Safeguard Rule''). 65 FR 54186. As required by the G-L-
B Act, the Safeguards Rule will seek to bolster the security and 
confidentiality of customer records and information, to protect against 
any anticipated threats or hazards to their security or integrity, and 
to protect against unauthorized access to or use of such records or 
information which could result in substantial harm or inconvenience to 
any customer. The comment period is currently scheduled to close on 
October 10, 2000.
    The National Association for Attorneys General has asked that the 
comment period be extended to enable the Association to consult its 
members and complete a comment on the Safeguards Rule. The Commission 
is mindful of the need to develop a proposed Safeguards Rule 
expeditiously. However, the Commission also is aware that the issues 
raised are complex and believes that the additional comments that may 
result justify a short extension of the comment period.
    Accordingly, the Commission has decided to extend the comment 
period to October 24, 2000.

    By Direction of the Commission.
Donald S. Clark,
Secretary.
[FR Doc. 00-25660 Filed 10-5-00; 8:45 am]
BILLING CODE 6750-01-M