Privacy Act Regulations

The Commodity Futures Trading Commission (CFTC or Commission) is establishing a new Insider Risk Program, the records of which are included in a new Privacy Act system of records, CFTC-59, Insider Risk Program Records (CFTC-59), published concurrently in this Federal Register. The Commission proposes here to update its regulations to exempt CFTC-59 from certain provisions of the Privacy Act in accordance with the requirements of the Privacy Act and the guidance contained in Office of Management and Budget (OMB) Circular A-108, Federal Agency Responsibilities for Review, Reporting, and Publication Under the Privacy Act(OMB A-108) in order to maintain the integrity of insider risk investigations and to keep confidential the identity of confidential sources. If the Commission adopts this proposal, the records in CFTC-59 will be exempt from those provisions of the Privacy Act pertaining to an individual's right to access and request amendment of their records.