CFTC Extends Financial Privacy Rules Nobody Knows About
Published Date: 12/15/2025
Notice
Summary
The Commodity Futures Trading Commission wants to keep collecting info about how companies protect your financial privacy. This notice invites the public to comment on extending this info collection until February 13, 2026. If you’re a company handling consumer financial data, this affects you, but no new fees or big changes are coming—just a renewal of current rules.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
CFTC Privacy Rules Stay In Force
If your firm is a futures commission merchant, commodity trading advisor, commodity pool operator, introducing broker, retail foreign exchange dealer, swap dealer, or major swap participant, you remain treated as a financial institution under the Gramm-Leach-Bliley Act and must follow CFTC Part 160 privacy rules. Those rules require providing privacy and opt-out notices to customers and adopting policies and procedures to safeguard customer records and information (OMB Control No. 3038-0055).
Paperwork Time Burden Quantified
The CFTC estimates 3,399 respondents with 95 annual responses per respondent and 2 minutes per response, for a total of 322,905 annual responses and 10,764 total annual burden hours. That averages about 3.17 hours of staff time per respondent per year to meet this information collection.
No Capital or O&M Costs
The CFTC states there are no capital costs or operating and maintenance (O&M) costs associated with this information collection extension. The request is for an extension of a currently approved collection (OMB Control No. 3038-0055).
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Key Dates
Department and Agencies
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