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SEC adopts updates to Reg S-P to enhance oversight over consumer data

Image of illuminated data feeds.
Photo: Peter Macdiarmid/Getty Images for Somerset House

Amendments to Reg S-P will modernize the rules that govern the treatment of consumers’ nonpublic personal information.

The SEC has unanimously voted to adopt significant cybersecurity amendments to Regulation S-P that largely adopt the proposed amendments the agency issued last year. Reg S-P is shorthand for the SEC’s Privacy of Consumer Financial Information and Safeguarding Personal Information rule.

The amendments represent a substantial expansion of the protections