On Jan. 13, 2017, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (collectively, the “Agencies”) extended until Feb. 17, 2017 the comment period for their Oct. 19, 2016 advance notice of proposed rulemaking on enhanced cyber risk management standards for large and interconnected entities under their supervision and those entities’ service providers (the “Cybersecurity ANPR”). For a detailed description of the Cybersecurity ANPR, please refer to our Oct. 24, 2016 Alert.
The Cybersecurity ANPR had previously indicated that comments would be received until Jan. 17, 2017. However, the Agencies decided that an extension was appropriate, due to the range and complexity of the issues raised by the Cybersecurity ANPR.
If you have any questions concerning the Cybersecurity ANPR, or would like assistance in preparing the submission of a comment to the Agencies, please contact your attorney at Schulte Roth & Zabel or one of the authors of our Oct. 24, 2016 Alert: Joseph P. Vitale, Michael L. Yaeger or Noah N. Gillespie.
This information has been prepared by Schulte Roth & Zabel LLP (“SRZ”) for general informational purposes only. It does not constitute legal advice, and is presented without any representation or warranty as to its accuracy, completeness or timeliness. Transmission or receipt of this information does not create an attorney-client relationship with SRZ. Electronic mail or other communications with SRZ cannot be guaranteed to be confidential and will not (without SRZ agreement) create an attorney-client relationship with SRZ. Parties seeking advice should consult with legal counsel familiar with their particular circumstances. The contents of these materials may constitute attorney advertising under the regulations of various jurisdictions.