17 CFR § 248.8 - Revised privacy notices.

---
identifier: "/us/cfr/t17/s248.8"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 248.8 - Revised privacy notices."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "248.8"
section_name: "Revised privacy notices."
chapter_name: "SECURITIES AND EXCHANGE COMMISSION"
part_number: "248"
part_name: "REGULATIONS S-P, S-AM, AND S-ID"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 78q, 78q-1, 784, 785, 78w, 78mm, 80a-30, 80a-37, 80b-4, 80b-11, 1681m(e), 1681s(b), 1681s-3 and note, 1681w(a)(1), 6801-6809, and 6825; Pub. L. 111-203, secs. 1088(a)(8), (a)(10), and sec. 1088(b), 124 Stat. 1376 (2010)."
regulatory_source: "65 FR 40362, June 29, 2000, unless otherwise noted."
cfr_part: "248"
---


# 248.8 Revised privacy notices.

(a) *General rule.* Except as otherwise authorized in this subpart, you must not, directly or through any affiliate, disclose any nonpublic personal information about a consumer to a nonaffiliated third party other than as described in the initial notice that you provided to that consumer under § 248.4, unless:

(1) You have provided to the consumer a clear and conspicuous revised notice that accurately describes your policies and practices;

(2) You have provided to the consumer a new opt out notice;

(3) You have given the consumer a reasonable opportunity, before you disclose the information to the nonaffiliated third party, to opt out of the disclosure; and

(4) The consumer does not opt out.

(b) *Examples.* (1) Except as otherwise permitted by §§ 248.13, 248.14, and 248.15, you must provide a revised notice before you:

(i) Disclose a new category of nonpublic personal information to any nonaffiliated third party;

(ii) Disclose nonpublic personal information to a new category of nonaffiliated third party; or

(iii) Disclose nonpublic personal information about a former customer to a nonaffiliated third party, if that former customer has not had the opportunity to exercise an opt out right regarding that disclosure.

(2) A revised notice is not required if you disclose nonpublic personal information to a new nonaffiliated third party that you adequately described in your prior notice.

(c) *Delivery.* When you are required to deliver a revised privacy notice by this section, you must deliver it according to § 248.9.