The Gramm-Leach-Bliley Act (GLBA) Privacy Notice is governed by which regulation?

Study for the Entity Operations Compliance Exam. Test your knowledge with flashcards and multiple choice questions. Each question includes hints and explanations to help you prepare confidently. Get exam-ready and enhance your compliance skills!

The Gramm-Leach-Bliley Act (GLBA) mandates that financial institutions create and distribute a privacy notice that informs customers about their privacy policies and practices. Regulation P specifically implements the privacy provisions of the GLBA. It outlines the requirements regarding the content and timing of the privacy notice, ensuring that consumers are aware of their privacy rights and the institution's information-sharing practices. This regulation is crucial as it governs how financial institutions communicate their privacy policies to consumers, helping to enhance consumer protection and trust.

In summary, Regulation P is the correct answer because it directly addresses the privacy notice requirements set forth by the GLBA, making it integral for compliance in this area.

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