SEC Proposes to Modernize Rules for Registered Transfer Agents

Facts

• The Commission’s transfer agent rules have not been substantively updated since the late 1970s and early 1980s. ^[1]
• The Securities and Exchange Commission proposed to update the rules and forms that apply to registered transfer agents. ^[1]
• Transfer agents perform a more diverse array of functions and services that may not be adequately addressed by the Commission’s transfer agent rules. ^[1]
• The proposed rule updates reflect the technological environment in which transfer agents operate, including the widespread use of electronic recordkeeping and communications. ^[1]

Sources (1)