Regulatory Alerts2015-12-31 | 2015-32755Added
Transfer Agent Regulations
The Securities and Exchange Commission issued an Advance Notice of Proposed Rulemaking and Concept Release to seek public comment on updating transfer agent regulations that have remained largely unchanged since 1977. The document outlines specific areas for potential new rules, including registration requirements, safeguarding of funds and securities, and cybersecurity, while also requesting feedback on emerging issues such as book-entry securities processing and mutual fund transfer agent activities. Comments are requested to help the Commission evaluate the sufficiency and scope of future rulemaking proposals to ensure the safe and efficient functioning of the national clearance and settlement system.
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