Statement of Chairman Heath P. Tarbert in Support of Protecting Customer Records and Information

April 14, 2020

I support the final rule amending regulation 160.30, which requires firms registered with the CFTC to protect their customers’ records and information.  By requiring the firms we regulate to adopt policies and procedures relating to administrative, technical, and physical safeguards for customer data, the final rule targets security hazards to customer data and specifies required protections against unauthorized access.  As I mentioned when this rule was proposed, giving customers in our markets comfort that efforts are being taken to protect their sensitive information is key to ensuring that our derivatives markets promote the interests of all Americans.[1] 

-CFTC-

[1] See Statement of Chairman Heath P. Tarbert Before the November 5, 2019 Open Meeting (Nov. 5, 2019), available at https://www.cftc.gov/PressRoom/SpeechesTestimony/tarbertstatement110519.