SEC to Host Webinar for Large Firms on Regulation S-P

The Securities and Exchange Commission today announced it will hold a series of three compliance outreach events regarding the 2024 adoption of amendments to Regulation S-P. The first event, for large firms, is a webinar scheduled for Sept. 25 from 1 p.m.

Regulation S-P Update

The SEC's move aims to ensure large financial institutions are aware of and prepared for the changes to Regulation S-P, which governs how companies handle customer information. The amendments are part of ongoing efforts to strengthen consumer data protection.

Why it Matters

• The updates will impact how large firms collect, store, and share customer data.
• The webinar is an opportunity for these institutions to clarify any questions or concerns about the new regulations.
• The SEC's outreach efforts demonstrate its commitment to transparency and compliance in the financial industry.

Risk Assessment

High risk level due to potential significant changes in how large firms operate. High credibility of the information source.

• Warning for readers: This news may affect large investment and banking firms, but its direct impact on retail investors is unclear at this time.

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