Monday, July 13, 2009

FDA Regulated Businesses - Will you be compliant with the new FTC rule?

Seal of the United States Federal Trade Commis...Image via Wikipedia

If you're in the FDA regulated industries, you might want to pay attention to the FTC's new rule according to this FDA Law Blog post, August 1, 2009 - FTC’s New Identity Theft Rule Probably Requires You To Comply. In a nutshell, Koustas & Fleder say:
Given the apparent reluctance of the FTC to create exemptions from this regulation, most companies regulated by FDA must determine if the Rule applies to them. If the answer is yes, there is an August 1, 2009 deadline fast approaching to develop and implement a compliance plan. Failure to comply may subject the entity to administrative enforcement action by FTC as well as civil liability to consumers.
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