Ftc Safeguards Rule 2022. In december 2021, the ftc amended the safeguards rule to expand its definition of a financial institution and to provide more concrete guidance regarding specific safeguards that covered. The rule applies to financial institutions within the ftc’s jurisdiction and that aren’t subject to the enforcement authority of another regulator under section 505 of the.
On december 9, 2022, certain provisions of the updated ftc safeguards rule will take effect. The federal trade commission enacted a new safeguards rule, effective january 10, 2022, broadening the definition of “financial institutions” to focus on business activities that.